Jin10 data, May 7 - The minutes of the South Korean Central Bank’s meeting released on Wednesday show that most members believe that the adverse factors facing the South Korean economy are rising faster than expected, which will provide a reason for further rate cuts. One member stated: “Due to the economic slowdown, it is expected that this year’s economic growth will be lower than previously predicted, and the necessity for preemptive rate cuts is increasing.” Most economists expect the South Korean Central Bank to lower the Benchmark interest rate to 2.25% before the end of the third quarter of this year, citing concerns about a global economic recession triggered by changes in U.S. tariff policies, which may significantly reduce exports from the fourth largest economy in Asia.
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