Bank of Korea Governor Rejects Rate Cut Talks as Premature.

Bank of Korea Governor Rhee Chang-yong says it's too early to start talking about rate cuts, despite market speculation that it could soon begin cutting rates. The South Korean central bank paused its tightening cycle, but Rhee says those expectations are "premature." Inflation reached a 14-month low of 3.7%, but is still above the central bank's target of 2%. Wall Street banks predict South Korea could start a rate-cutting cycle as early as the third quarter. The Bank of Korea governor noted that global inflation levels seem to have peaked despite seeing stickiness in core readings.