[Citi: The Bank of Korea may cut interest rates faster and more significantly] Jinse Finance reported that Citigroup economist Jin-Wook Kim said in a report that the Bank of Korea may cut interest rates faster and more significantly in response to weaker-than-expected economic growth. Kim said that the Bank of Korea is expected to cut interest rates by 25 basis points in January, April and July 2025, respectively. Previously, the Bank of Korea lowered its benchmark interest rate from 3.50% to 3.25% on October 11, starting an easing monetary policy. This is one month earlier than Citi's previous forecast, Kim added. He pointed out that the central bank may also cut interest rates twice more in 2026 - possibly in January and July - to reduce the policy rate to 2.00%, lower than Citi's previous forecast of 2.50%.