Rhee Chang-yong, governor of the Bank of Korea, hits a gavel as he starts a monetary policy meeting at the central bank's headquarters in Seoul on October 11, 2024. South Korea's central bank cut interest rates on October 11, for the first time in over three years, in line with a global shift as headline inflation eases and domestic demand slows. (Photo by SeongJoon Cho / POOL / AFP) (Photo by SEONGJOON CHO/POOL/AFP via Getty Images)