The Bank of Korea said on July 16 that this year's growth rate is expected to significantly exceed the 2.6% forecast in May; inflationary pressure will continue to rise and is expected to remain above target levels; attention should be paid to the real estate market and household debt growth. The Bank of Korea said that there is still uncertainty about the semiconductor industry, developments in the Middle East situation, and changes in the trade environment, and it is necessary to monitor the high volatility of the exchange rate.

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