[Breaking] Bank of Korea Governor: "Market's Interest Rate Cut Expectations Somewhat Excessive"

Lee Chang-yong, Governor of the Bank of Korea, stated at a press conference held after maintaining the base interest rate at 3.50% per annum on the morning of the 11th, "The current market expectations for an interest rate cut are somewhat excessive," adding, "It is particularly undesirable that expectations for a rate cut have been pre-reflected, leading to a rise in real estate prices."

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