Lee Chang-yong, Governor of the Bank of Korea, said at a press briefing held right after the Monetary Policy Committee meeting on the 17th, "I believe that all six Monetary Policy Committee members, excluding myself, should keep open the possibility of lowering the current interest rate of 2.75% within the next three months."
Governor Lee noted, "The Monetary Policy Committee members view that there is a significant possibility of lowering the economic growth forecast in May, allowing them to respond appropriately while monitoring forecast revisions and the financial and foreign exchange market conditions."
Governor Lee added, "The Monetary Policy Committee members' outlook is a conditional forecast based on the economic situation. Given the significant changes in U.S. tariff policy and ongoing related negotiations, we could discuss it further when the forecast numbers are finalized in May."