Survey: Bank of Korea to cut interest rates next week

The Bank of Korea is widely expected to cut its policy rate next week. All 12 economists surveyed by the Wall Street Journal predicted that the Bank of Korea would cut interest rates by 0.25 percentage points to 2.50 per cent at its meeting next Thursday. The expected rate cut will end the hold-up in the current policy easing cycle, at which the Bank of Korea is expected to raise its 2025 GDP growth forecast.