Jin10 data, April 27 - According to the Korean News Agency, Bank of Korea Governor Lee Chang-yong stated that despite maintaining a cautious monetary policy, the key interest rate of the Bank of Korea will decrease due to stable inflation. The Korean News Agency cited Lee Chang-yong’s remarks to reporters while attending the International Monetary Fund (IMF) annual meeting in Washington, stating that the timing and pace adjustments of the easing cycle do not imply that interest rates will not be lowered. He also mentioned that following the economic contraction in the first quarter, the Bank of Korea may further lower its economic growth expectations for this year, but did not specify further. The bank has repeatedly revised its forecasts, with the most recent adjustment being to 1.5% for 2025.
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