According to ChainCatcher, Bank of Korea Governor Lee Chang-yong stated that although monetary policy remains cautious, the key interest rate of the Bank of Korea will decline due to stable inflation.
Lee Chang-yong stated at the International Monetary Fund annual meeting in Washington that adjustments to the timing and speed of the easing cycle do not mean that interest rates will not be lowered. The Bank of Korea may further lower its economic growth forecast for this year. The bank has already revised its prediction multiple times, with the most recent adjustment to 1.5% for 2025.