Citigroup economist: South Korea's Central Bank may make dovish remarks and maintain the Intrerest Rate unchanged

Jin data on November 20th, Citigroup economists Jin-Wook Kim and Jiuk Choi said that the Central Bank of Korea may maintain the Intrerest Rate unchanged in November in the case of dovish comments. They expect that there is a division within the policy committee of the Central Bank of Korea on the decision of the Intrerest Rate, with at least one member holding a different opinion, and may call for a reduction in the Intrerest Rate from 3.25% to 3.00%. Considering the historically high threshold for consecutive interest rate cuts and policy uncertainties related to the Trump administration, they said that the majority opinion of the committee may support no rate cut. However, they said that most members are likely to lean towards another rate cut within the next three months.