The Bank of Korea is expected to cut interest rates by 25 basis points on October 11

On October 7, 20 of the 28 economists surveyed by the Wall Street Journal predicted that the Bank of Korea would cut interest rates by 25 basis points to 3.25% at its meeting on Friday, and the remaining 8 expected the Bank of Korea to postpone the rate cut until November.

 

Economists at Capital Economics wrote in a report that with inflation below target and economic activity data showing a further slowdown, the Bank of Korea is expected to launch an easing cycle at its Monetary Policy meeting on October 11. South Korea's headline inflation rate slowed to a 43-month low of 1.6% in September.