Survey: South Korea's Central Bank will cut interest rates next week

Golden Finance reports that a common expectation is that the Central Bank of South Korea will lower the policy interest rate next week. All 12 economists surveyed by The Wall Street Journal predict that at the meeting next Thursday, the Central Bank of South Korea will cut the rate by 0.25 percentage points to 2.50%. This anticipated rate cut will end the current period of inactivity in the policy easing cycle, and the Central Bank of South Korea is expected to revise down its GDP growth forecast for 2025 at the meeting.