The Bank of Korea expects to cut interest rates three times next year to 2.50% by the end of 2025

According to Jinshi Data, a Reuters survey showed that the Bank of Korea is expected to cut interest rates by 25 basis points in the first, second and third quarters of next year, respectively, bringing the interest rate to 2.50% by the end of 2025.

Of the 38 analysts surveyed, 34 expected the Bank of Korea to keep its benchmark interest rate unchanged at 3.25% on November 28, while four analysts expected a 25 basis point cut.