South Korea's Central Bank Governor: Policy interest rates will trend downward, and economic growth expectations may be adjusted again.

According to Gate.io News bot, the Bank of Korea Governor Lee Chang-yong stated to reporters during the IMF annual meeting in Washington that despite the current monetary policy maintaining a cautious stance, the key interest rate of the Bank of Korea will trend downwards as inflation stabilizes.

Lee Chang-yong emphasized that the timing and speed adjustments of the easing cycle will not affect the direction of interest rate cuts. He also mentioned that after the economy contracted in the first quarter, the Central Bank of Korea may lower this year's economic growth forecast again, but did not disclose the specific extent. Previously, the bank has revised its forecasts multiple times, with the latest expectation being a growth of 1.5% in 2025.