The Bank of Korea is likely to delay the start of its interest rate-cutting cycle until October, as the country grapples with weakening inflation and a rebound in exports. The central bank has kept borrowing rates at 3.5 percent for the past 11 sessions, but uncertainties have arisen regarding the timing of potential rate cuts. The US Federal Reserve's decision to downgrade its outlook for rate cuts has also influenced the BOK's approach. BOK Governor Lee Chang-yong has cautioned against a hasty shift in monetary policy, emphasizing the need for patience and a balanced approach. While there is room for the central bank to lower rates, concerns about the impact on the Korean won and import prices have led to deliberation. Market experts anticipate that the BOK may begin its rate-cutting cycle in October, with some predicting potential cuts as early as August or September, citing factors such as inflation stabilization and favorable economic indicators.