Bank of Korea's Rate Cut Was 'Right Decision,' Deutsche Bank Says

The transcript discusses revisions in GDP and inflation forecasts, highlighting a decrease in GDP growth from 2.1% to 1.9% and inflation from 2.1% to 1.9%. It analyzes the central bank's decision to cut rates, emphasizing the need to prioritize growth over financial stability. The potential impact of U.S. trade policies on economic growth is considered, with concerns about a more severe tariff scenario leading to weaker growth. The future economic path is explored, with expectations for the central bank's terminal rate and the need for preemptive actions to support the economy.

What factors could lead to a weaker growth scenario according to the text?

What are the implications of the recent rate cut by the BOK?