According to Yonhap News Agency, ChainCatcher reports that Bank of Korea Governor Lee Chang-yang stated that despite maintaining a cautious monetary policy, the key interest rate will decrease due to stable inflation.
Yonhap News Agency quoted Lee's remarks to reporters at the IMF Annual Meetings in Washington, saying that adjusting the timing and pace of the easing cycle does not mean interest rates will not be lowered. He also mentioned that after the economic contraction in the first quarter, the Bank of Korea might again revise its economic growth forecast for this year, without providing specific details. The bank has already lowered its forecast multiple times, with the most recent projection set at 1.5% for 2025.
