[South Korea's inflation slows more than expected, the central bank may cut interest rates in October] Golden Finance reported that South Korea's CPI rose 2% year-on-year in August, down from 2.6% in July. Currently, four of the seven members of the central bank are open to cutting interest rates before the end of the year. Although Governor Lee Chang-yong did not reveal his views, many economists expect the Bank of Korea to start cutting interest rates at the October meeting. Policymakers are now paying more and more attention to housing prices in Seoul. The rapid rise in housing prices in Seoul has raised concerns that households will take on more debt and financial imbalances will emerge. Government officials have taken measures to curb housing prices. Purchases of Seoul apartments fell for the first time in months in August, and sales prices continued to decline. At the same time, weak private spending and factors such as credit risks in the construction industry have increased the reason for the Bank of Korea to consider cutting interest rates next month. The increasing possibility that the Federal Reserve will initiate a policy shift this month also supports the view that the Bank of Korea may follow up at its next meeting.