Lee Chang-yong, Governor of the Bank of Korea, said during a press conference held right after the Monetary Policy Committee on the 17th, "If I think there are two more rate cuts left this year, I will determine whether to lower it further based on the economic outlook in May."
Governor Lee noted in response to a question, "If this year's economic growth rate is revised downward compared to the initial forecast, is there a possibility of additional rate cuts?"
Governor Lee said, "All six Monetary Policy Committee members agreed to keep the possibility of a cut open within three months, so there is a possibility of a cut in May," adding, "I will try to make decisions based solely on economic data, without considering political issues such as the presidential election."
Meanwhile, at the Monetary Policy Committee meeting that day, all six committee members, excluding the governor, determined that they should keep open the possibility of lowering the base rate from 2.75% to a lower level within four months.