South Korea cuts key interest rate for third time in less than a month

The Bank of Korea announced a change in the base interest rate from 4.25% to 5.25%. However, a decision was made to lower the rate by 0.25 percentage points to 4% to manage monetary policy. The economic outlook suggests a potential decline in export growth and a rapid decrease in the country's economic growth rate.

What is the expected impact on South Korea's economic growth rate according to the text?

What factors are contributing to the potential decrease in South Korea's economic growth rate?