Bank of Korea Governor Rhee Chang-yong: South Korea's policy interest rate has a downward trend

According to Yonhap News Agency, Bank of Korea Governor Rhee Chang-yong said that while monetary policy remains cautious, the Bank of Korea's key interest rate will be lower due to stable inflation.
Yonhap quoted Rhee as telling reporters at the annual meeting of the international monetary fund (IMF) in Washington that the timing and pace of the easing cycle does not mean that interest rates will not be cut. He also said that the Bank of Korea may lower its economic growth forecast for this year again after the economy contracted in Quarter 1, but did not specify. The bank has lowered its forecast several times, most recently to 1.5% in 2025.