The Bank of Korea is expected to delay its next interest rate cut until October.

According to Min Joo Kang, a senior economist at ING, the Bank of Korea is expected to postpone its next interest rate cut to October in response to recent increases in domestic housing prices and household debt. Kang noted that the Bank of Korea can afford to be cautious and focus more on financial stability, as inflation is expected to remain near the central bank's 2% target in the foreseeable future. The country's headline consumer inflation rose 2.2% year-on-year in June, slightly above the market consensus forecast of 2.1%. Core inflation, which excludes volatile food and energy prices, remained stable at 2.0% for the second consecutive month. [ChainCatcher]