Bank of Korea: Rate cut, mortgage easing unlikely to balloon household debt
South Korea's central bank
Seoul - Yonhap
South Korea's central bank said Tuesday that while ongoing economic policies may affect household debt, they are unlikely to spur a sudden ballooning of such debt.
In a report submitted to Rep. Oh Jae-sae of the main opposition New Politics Alliance for Democracy party for the annual parliamentary audit, the Bank of Korea (BOK) said household debt is unlikely to sour massively under current property market circumstances.
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