Despite indications of declining inflation, there is uncertainty in the market about whether South Korea's central bank will follow the US Federal Reserve in reducing interest rates this month. The consumer price index in South Korea rose by 1.6 percent in September, down from 2 percent in August, showing a consistent downward trend since April. Analysts are increasingly expecting a rate cut in October, as other major central banks have also lowered rates recently. The Bank of Korea is set to convene its Monetary Policy Committee meeting on October 11, where the decision on interest rates will be crucial. Some experts anticipate a rate cut this month, citing factors such as a slowdown in household debt growth and housing market prices. However, other analysts, including those from Bank of America and KB Securities, believe it may be premature and advocate for a rate cut in November instead. The central bank's cautious approach is highlighted by the recent decline in household loan growth and housing price increases, indicating a need for careful consideration before any policy adjustments.