BUSINESS

[Monitor] BOK forecasts slower growth in household loans

By Korea Herald
  • Published : Nov 9, 2017 - 17:26
  • Updated : Nov 9, 2017 - 17:26


The Bank of Korea said Thursday that the government’s full-fledged anti-speculative measures on real estate to curb household debt is expected to successfully put a dent on the growth of household loans.

In a report submitted to the National Assembly, the central bank said it expects the increase in the volume of debt to slow, as the housing market shows slower price hikes in heated regions and transaction volume has been falling since September.