The survey shows that the Bank of Korea may cut interest rates by 25 basis points this week

ChainCatcher news, among the 28 economists surveyed by The Wall Street Journal, 20 predict that the Bank of Korea will lower interest rates by 25 basis points to 3.25% at its meeting on Friday, while the remaining 8 expect the Bank of Korea to delay the rate cut until November. Economists at Capital Economics wrote in a report: "Given that inflation is below target and economic activity data shows further slowing, we expect the Bank of Korea to initiate an easing cycle at its scheduled monetary policy meeting (October 11)." South Korea's overall inflation rate slowed to 1.6%, a 43-month low, in September.