Citigroup economist Jin-Wook Kim wrote in a report that the Bank of Korea may cut interest rates faster and more drastically to cope with lower than expected economic growth. Kim said that the Bank of Korea may cut interest rates by 25 percentage points in January, April, and July 2025, respectively. On October 11, the Bank of Korea lowered the benchmark interest rate from 3.50% to 3.25% and began easing monetary policy. Kim added that this was a month earlier than Citi's previous forecast. He pointed out that the bank may cut interest rates twice more in 2026, probably in January and July, to 2.00%, lower than Citi's previous forecast of 2.50%.

Citigroup economist Jin-Wook Kim wrote in a report that the Bank of Korea may cut interest rates faster and more drastically to cope with lower than expected economic growth. Kim said that the Bank of Korea may cut interest rates by 25 percentage points in January, April, and July 2025, respectively. On October 11, the Bank of Korea lowered the benchmark interest rate from 3.50% to 3.25% and began easing monetary policy. Kim added that this was a month earlier than Citi's previous forecast. He pointed out that the bank may cut interest rates twice more in 2026, probably in January and July, to 2.00%, lower than Citi's previous forecast of 2.50%.