According to data reported by Jinshi, the minutes released by the Bank of Korea on Wednesday show that most committee members believe the adverse factors facing the South Korean economy are growing faster than expected, increasing the rationale for further interest rate cuts. One committee member pointed out that due to the economic slowdown, this year's economic growth is expected to be lower than previously forecasted, raising the necessity for preemptive interest rate cuts. Most economists expect the Bank of Korea to lower the benchmark interest rate to 2.25% before the end of the third quarter, as concerns over a global economic recession triggered by changes in U.S. tariff policy may significantly reduce South Korean exports.