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Cryptocurrency A to Z Ripple-SEC lawsuit wrapping up Trump's pro-coin stance US approval possibility increases JP Morgan "When launched, $8 billion inflow expected over 1 year" On the 20th, the Brazilian Securities and Exchange Commission (CVM) approved the world's first XRP (formerly Ripple) spot ETF. When this news broke, XRP surged by 7%, reflecting investor expectations for XRP spot ETF trading. According to the decentralized prediction platform Polymarket, the probability of XRP spot ETF approval within this year has risen to 81%. This comes as expectations grow that the US Securities and Exchange Commission (SEC) will also approve an XRP spot ETF. According to industry sources on the 23rd, the possibility that the legal battle between the SEC and Ripple will soon end has been raised in the market. John Reed Stark, former director of the SEC's Office of Internet Enforcement, stated on X (formerly Twitter), "The SEC's appeal against Ripple will be suspended or completely withdrawn," adding that "the SEC's cryptocurrency regulatory enforcement is now over." President Donald Trump's pro-XRP stance has also drawn attention. On the 19th, President Trump shared two articles related to Ripple Labs CEO Brad Garlinghouse through Truth Social. Previously, reports had emerged suggesting the Trump administration was considering XRP as a strategic reserve asset. CEO Garlinghouse has also continuously shown his affinity with President Trump. He said, "Trump is already making the cryptocurrency market great again," and added, "In the past, the SEC froze our business opportunities." The SEC has received review requests for XRP spot ETFs from six issuers including Bitwise, Grayscale, and 21Shares. The SEC must respond to Grayscale's XRP spot ETF approval request, which was submitted on the 14th, by October 18. The launch of an XRP spot ETF is expected to have a positive impact on XRP price appreciation. JP Morgan predicted that "XRP spot ETFs will record inflows of up to $8 billion over one year." Son Min, BloomingBit reporter

Cryptocurrency A to Z Ripple-SEC lawsuit wrapping up Trump's pro-coin stance US approval possibility increases JP Morgan "When launched, $8 billion inflow expected over a year" On the 20th, the Brazilian Securities and Exchange Commission (CVM) approved the world's first XRP (formerly Ripple) spot ETF. When this news broke, XRP surged by 7%, reflecting investor expectations for XRP spot ETF trading. According to the decentralized prediction platform Polymarket, the probability of XRP spot ETF approval within this year also rose to 81%. This comes as expectations grow that the U.S. Securities and Exchange Commission (SEC) will also approve an XRP spot ETF. According to industry sources on the 23rd, the possibility that the legal battle between the SEC and Ripple will soon end has been raised in the market. John Reed Stark, former director of the SEC's Office of Internet Enforcement, stated on X (formerly Twitter), "The SEC's appeal against Ripple will be suspended or completely withdrawn," adding that "the SEC's cryptocurrency regulatory enforcement is now over." President Donald Trump's pro-XRP stance has also drawn attention. On the 19th, President Trump shared two articles related to Brad Garlinghouse, CEO of Ripple Labs, through Truth Social. Previously, reports had emerged that the Trump administration was considering XRP as a strategic reserve asset. CEO Garlinghouse has also continuously shown his affinity with President Trump. He said, "Trump is already making the cryptocurrency market great again," and added, "In the past, the SEC froze our business opportunities." The SEC has received review requests for XRP spot ETFs from six issuers including Bitwise, Grayscale, and 21Shares. The SEC must respond to Grayscale's XRP spot ETF approval request, which was submitted on the 14th, by October 18. The launch of an XRP spot ETF is expected to have a positive impact on XRP prices. JP Morgan predicted that "XRP spot ETFs will record inflows of up to $8 billion over one year." Son Min, BloomingBit reporter

Cryptocurrency A to Z Ripple-SEC lawsuit wrapping up Trump's pro-coin stance US approval possibility increases JP Morgan "If launched, $8 billion inflow expected over a year" On the 20th, the Brazilian Securities and Exchange Commission (CVM) approved the world's first XRP (formerly Ripple) spot ETF. When this news broke, XRP surged by 7%, reflecting investor expectations for XRP spot ETF trading. According to the decentralized prediction platform Polymarket, the probability of XRP spot ETF approval within this year has risen to 81%. This comes as expectations grow that the U.S. Securities and Exchange Commission (SEC) will also approve an XRP spot ETF. According to industry sources on the 23rd, the possibility that the legal battle between the SEC and Ripple will soon end has been raised in the market. John Reed Stark, former director of the SEC's Office of Internet Enforcement, stated on X (formerly Twitter), "The SEC's appeal against Ripple will be suspended or completely withdrawn," adding that "The SEC's cryptocurrency regulatory enforcement is now over." President Donald Trump's pro-XRP stance has also drawn attention. On the 19th, President Trump shared two articles related to Brad Garlinghouse, CEO of Ripple Labs, through Truth Social. Previously, reports had emerged suggesting that the Trump administration was considering XRP as a strategic reserve asset. CEO Garlinghouse has also continuously shown his affinity with President Trump. He said, "Trump is already making the cryptocurrency market great again," and added, "In the past, the SEC froze our business opportunities." The SEC has received review requests for XRP spot ETFs from six issuers, including Bitwise, Grayscale, and 21Shares. The SEC must respond to Grayscale's XRP spot ETF approval request, which was submitted on the 14th, by October 18. The launch of an XRP spot ETF is expected to have a positive impact on XRP prices. JP Morgan predicted that "XRP spot ETFs will record inflows of up to $8 billion over one year." Son Min, BloomingBit reporter

Cryptocurrency A to Z Ripple-SEC lawsuit wrapping up Trump's pro-coin stance US approval possibility increases JP Morgan "When launched, $8 billion inflow expected over a year" On the 20th, the Brazilian Securities and Exchange Commission (CVM) approved the world's first XRP (formerly Ripple) spot ETF. When this news broke, XRP surged by 7%, reflecting investor expectations for XRP spot ETF trading. According to the decentralized prediction platform Polymarket, the probability of XRP spot ETF approval within this year has risen to 81%. This comes as expectations grow that the US Securities and Exchange Commission (SEC) will also approve an XRP spot ETF. According to industry sources on the 23rd, the possibility that the legal battle between the SEC and Ripple will soon end has been raised in the market. John Reed Stark, former director of the SEC's Office of Internet Enforcement, stated on X (formerly Twitter), "The SEC's appeal against Ripple will be suspended or completely withdrawn," adding that "The SEC's cryptocurrency regulatory enforcement is now over." President Donald Trump's pro-XRP stance has also drawn attention. On the 19th, President Trump shared two articles related to Ripple Labs CEO Brad Garlinghouse through Truth Social. Previously, reports had emerged suggesting the Trump administration was considering XRP as a strategic reserve asset. CEO Garlinghouse has also continuously shown his affinity with President Trump. He said, "Trump is already making the cryptocurrency market great again," and added, "In the past, the SEC froze our business opportunities." The SEC has received review requests for XRP spot ETFs from six issuers including Bitwise, Grayscale, and 21Shares. The SEC must respond to Grayscale's XRP spot ETF approval request, which was submitted on the 14th, by October 18. The launch of an XRP spot ETF is expected to have a positive impact on XRP prices. JP Morgan predicted that "XRP spot ETFs will record inflows of up to $8 billion over one year." Son Min, BloomingBit reporter

Cryptocurrency A to Z Ripple-SEC lawsuit wrapping up Trump's pro-coin stance US approval possibility increases JP Morgan "If launched, $8 billion inflow expected over a year" On the 20th, the Brazilian Securities and Exchange Commission (CVM) approved the world's first XRP (formerly Ripple) spot ETF. When this news broke, XRP surged by 7%, reflecting investor expectations for XRP spot ETF trading. According to the decentralized prediction platform Polymarket, the probability of XRP spot ETF approval within this year has risen to 81%. This comes as expectations grow that the U.S. Securities and Exchange Commission (SEC) will also approve an XRP spot ETF. According to industry sources on the 23rd, there's a possibility that the legal battle between the SEC and Ripple may soon end. John Reed Stark, former director of the SEC's Office of Internet Enforcement, stated on X (formerly Twitter), "The SEC's appeal against Ripple will be suspended or completely withdrawn," adding that "The SEC's cryptocurrency regulatory enforcement is now over." President Donald Trump's pro-XRP stance has also drawn attention. On the 19th, President Trump shared two articles related to Brad Garlinghouse, CEO of Ripple Labs, through Truth Social. Previously, reports emerged suggesting that the Trump administration was considering XRP as a strategic reserve asset. CEO Garlinghouse has also consistently shown his affinity with President Trump. He said, "Trump is already making the cryptocurrency market great again," and added, "In the past, the SEC froze our business opportunities." The SEC has received review requests for XRP spot ETFs from six issuers including Bitwise, Grayscale, and 21Shares. The SEC must respond to Grayscale's XRP spot ETF approval request, which was submitted on the 14th, by October 18. The launch of an XRP spot ETF is expected to positively impact XRP prices. JP Morgan predicted that "XRP spot ETFs will record inflows of up to $8 billion over one year." Son Min, BloomingBit reporter

After reaching an all-time high of $109,000 in January, the major cryptocurrency Bitcoin is currently consolidating at around $97,000. While the possibility of a technical correction looms in the air, the halving cycle is not yet over. [Halving Cycle Assessment] Looking at the 2020 Bitcoin halving and the subsequent spot price peak, this asset rose a total of 686% from May 11, 2020, to November 8, 2021. Between the most recent halving on April 20, 2024, and the recent ATH, Bitcoin has only risen 63%. While Bitcoin's power law model and the law of diminishing returns suggest more moderate future price performance, the 63% increase reflects an incomplete halving cycle with significant upside potential. [MSTR as a Leading Indicator] Strategy(MSTR, formerly MicroStrategy) continues its buying program into early 2025, recently adding 7,633 bitcoins to its balance sheet and currently holding a total of 478,740 units. MSTR's buying program reflects institutional demand and serves as a leading indicator for the underlying asset (Bitcoin) itself. Strategy's purchases are typically cyclical, so more buying indicates a positive trajectory for the spot price. Conversely, if MSTR's buying potentially diminishes, the market will weaken. [Future Outlook] So what should we expect in the short term? Despite the continuing halving cycle, we anticipate the May sell effect, sideways movement in summer, and rising price levels until the final quarter. Positive Q4 seasonality has been repeated in 2013, 2016, 2017, 2020, 2021, 2023, and 2024. A deeper correction may occur in a few months or a year. Macro events such as a Ukraine ceasefire could significantly boost risk assets, including Bitcoin.

Comparing Post-Halving Performance After reaching its all-time high of 109,000 dollars in January, the leading cryptocurrency bitcoin is currently consolidating at the $97,000 level. Although the possibility of a technical correction lingers in the air, the halving cycle is not over yet. [Assessing Halving Cycles] When looking at bitcoin's halving of 2020 and its subsequent spot price peak, the asset climbed a total of 686 percent between 11th of May 2020, and 8th of November 2021. Between the latest halving on 20th April of 2024 and the recent ATH, bitcoin only ascended 63%. Although bitcoin's power-law model and law of diminishing returns suggest a more moderate future price performance, the 63 percent appreciation mirrors an unfinished halving cycle, with a plenty of upside. [MSTR as a Leading Indicator] Strategy (MSTR, former MicroStrategy) has continued its purchase program in early 2025, recently adding 7633 bitcoins to its balance sheet, and now holding a total of 478,740 units. MSTR's purchase program mirrors institutional demand and acts as a leading indicator to the underlying asset (bitcoin) itself. Strategy's buys are usually pro-cyclical, and consequently more purchases signal a positive spot price trajectory. Vice versa, a potential lack of MSTR's purchases would signal a weaker market. [Looking Forward] So, what to expect in the short-term future? Despite the continuing halving cycle, I'd expect to see a sell in May effect, a sideways summer, and elevated price levels by the last quarter. The positive Q4 seasonality has been repeated in 2013, 2016, 2017, 2020, 2021, 2023, and 2024. A deeper correction could be multiple months or even a year away. Macro-level events, like an armistice in Ukraine, could significantly uplift risk-on assets, including bitcoin. Comparing Post-Halving Performance After reaching its all-time high of $109,000 in January, bitcoin is currently undergoing consolidation at the $97,000 level. While the possibility of a technical correction still remains, the halving cycle is not over yet. Assessing Halving Cycles Looking at bitcoin's spot price peak after the 2020 halving, it rose a total of 686% from May 11, 2020, to November 8, 2021. In contrast, bitcoin has only risen 63% from the most recent halving on April 20, 2024, to the recent all-time high. While bitcoin's power-law model and law of diminishing returns suggest more moderate price increases in the future, this 63% rise indicates that the halving cycle is not yet complete and suggests there is plenty of room for additional growth. MSTR as a Leading Indicator Strategy (MSTR, formerly MicroStrategy) has continued to purchase bitcoin in early 2025, recently adding 7,633 BTC to bring its total holdings to 478,740 BTC. MSTR's purchasing program reflects institutional demand and serves as a leading indicator for bitcoin itself. MSTR's purchases are typically pro-cyclical, so additional purchases signal a high likelihood of spot price increases. Conversely, if MSTR stops making additional purchases, it could indicate a potential market weakness. Looking Forward So what trends can we expect in the short term? Despite the ongoing halving cycle, I expect to see a "Sell in May" effect, sideways movement during summer, and higher price levels in the fourth quarter. This positive Q4 seasonality has repeatedly occurred in 2013, 2016, 2017, 2020, 2021, 2023, and 2024. A deeper correction might occur months or even a year from now. Additionally, macro-economic events such as a ceasefire in Ukraine could significantly boost the price of risk-on assets like bitcoin.

Cryptocurrency A to Z Ripple-SEC lawsuit wrapping up Trump's pro-coin stance US approval possibility increases JP Morgan "When launched, $8 billion inflow expected in a year" On the 20th, the Brazilian Securities and Exchange Commission (CVM) approved the world's first XRP (formerly Ripple) spot ETF. When this news broke, XRP surged by 7%, reflecting investor expectations for XRP spot ETF trading. According to the decentralized prediction platform Polymarket, the probability of XRP spot ETF approval within this year has risen to 81%. This comes as expectations grow that the U.S. Securities and Exchange Commission (SEC) will also approve an XRP spot ETF. According to industry sources on the 23rd, the possibility that the legal battle between the SEC and Ripple will soon end has been raised in the market. John Reed Stark, former director of the SEC's Office of Internet Enforcement, stated on X (formerly Twitter), "The SEC's appeal against Ripple will be suspended or completely withdrawn," adding that "the SEC's cryptocurrency regulatory enforcement is now over." President Donald Trump's pro-XRP stance has also drawn attention. On the 19th, President Trump shared two articles related to Ripple Labs CEO Brad Garlinghouse through Truth Social. Previously, reports had emerged suggesting that the Trump administration was considering XRP as a strategic reserve asset. CEO Garlinghouse has also continuously shown his affinity with President Trump. He said, "Trump is already making the cryptocurrency market great again," and added, "In the past, the SEC froze our business opportunities." The SEC has received review requests for XRP spot ETFs from six issuers including Bitwise, Grayscale, and 21Shares. The SEC must respond to Grayscale's XRP spot ETF approval request, which was submitted on the 14th, by October 18. The launch of an XRP spot ETF is expected to have a positive impact on XRP prices. JP Morgan predicted that "XRP spot ETFs will record inflows of up to $8 billion over one year." Son Min, BloomingBit reporter

Cryptocurrency A to Z Ripple-SEC lawsuit wrapping up Trump's pro-coin stance US approval possibility increases JP Morgan "If launched, $8 billion inflow expected over 1 year" On the 20th, the Brazilian Securities and Exchange Commission (CVM) approved the world's first XRP (formerly Ripple) spot ETF. When this news broke, XRP surged by 7%, reflecting investor expectations for XRP spot ETF trading. According to the decentralized prediction platform Polymarket, the probability of XRP spot ETF approval within this year has risen to 81%. This comes as expectations grow that the U.S. Securities and Exchange Commission (SEC) will also approve an XRP spot ETF. According to industry sources on the 23rd, the possibility that the legal battle between the SEC and Ripple will soon end has been raised in the market. John Reed Stark, former director of the SEC's Office of Internet Enforcement, stated on X (formerly Twitter), "The SEC's appeal against Ripple will be suspended or completely withdrawn," adding that "the SEC's cryptocurrency regulatory enforcement is now over." President Donald Trump's pro-XRP stance has also drawn attention. On the 19th, President Trump shared two articles related to Brad Garlinghouse, CEO of Ripple Labs, through Truth Social. Previously, reports had emerged suggesting that the Trump administration was considering XRP as a strategic reserve asset. CEO Garlinghouse has also continuously shown his affinity with President Trump. He said, "Trump is already making the cryptocurrency market great again," and added, "In the past, the SEC froze our business opportunities." The SEC has received review requests for XRP spot ETFs from six issuers including Bitwise, Grayscale, and 21Shares. The SEC must respond to Grayscale's XRP spot ETF approval request, which was submitted on the 14th, by October 18. The launch of an XRP spot ETF is expected to have a positive impact on XRP prices. JP Morgan predicted that "XRP spot ETFs will record inflows of up to $8 billion over one year." Son Min, BloomingBit reporter

Cryptocurrency A to Z Ripple-SEC lawsuit wrapping up Trump's pro-coin stance US approval possibility increases JP Morgan "When launched, $8 billion inflow expected in a year" On the 20th, the Brazilian Securities and Exchange Commission (CVM) approved the world's first XRP (formerly Ripple) spot ETF. When this news broke, XRP surged by 7%, reflecting investor expectations for XRP spot ETF trading. According to the decentralized prediction platform Polymarket, the probability of XRP spot ETF approval within this year has risen to 81%. This comes as expectations grow that the U.S. Securities and Exchange Commission (SEC) will also approve an XRP spot ETF. According to industry sources on the 23rd, there's a possibility that the legal battle between the SEC and Ripple may soon end. John Reed Stark, former director of the SEC's Office of Internet Enforcement, stated on X (formerly Twitter), "The SEC's appeal against Ripple will be suspended or completely withdrawn," adding that "The SEC's cryptocurrency regulatory enforcement is now over." President Donald Trump's pro-XRP stance has also drawn attention. On the 19th, President Trump shared two articles related to Brad Garlinghouse, CEO of Ripple Labs, through Truth Social. Previously, reports emerged suggesting the Trump administration was considering XRP as a strategic reserve asset. CEO Garlinghouse has also consistently shown his affinity with President Trump. He said, "Trump is already making the cryptocurrency market great again," and added, "In the past, the SEC froze our business opportunities." The SEC has received review requests for XRP spot ETFs from six issuers including Bitwise, Grayscale, and 21Shares. The SEC must respond to Grayscale's XRP spot ETF approval request, which was submitted on the 14th, by October 18. The launch of an XRP spot ETF is expected to positively impact XRP prices. JP Morgan predicted that "XRP spot ETFs will record inflows of up to $8 billion over one year." Son Min, BloomingBit reporter

Cryptocurrency A to Z Ripple-SEC lawsuit wrapping up Trump's pro-coin stance US approval possibility increases JP Morgan "When launched, $8 billion inflow expected over a year" On the 20th, the Brazilian Securities and Exchange Commission (CVM) approved the world's first XRP (formerly Ripple) spot ETF. When this news broke, XRP surged by 7%, reflecting investor expectations for XRP spot ETF trading. According to the decentralized prediction platform Polymarket, the probability of XRP spot ETF approval within this year has risen to 81%. This comes as expectations grow that the US Securities and Exchange Commission (SEC) will also approve an XRP spot ETF. According to industry sources on the 23rd, the possibility that the legal battle between the SEC and Ripple will soon end has been raised in the market. John Reed Stark, former director of the SEC's Office of Internet Enforcement, stated on X (formerly Twitter), "The SEC's appeal against Ripple will be suspended or completely withdrawn," adding that "the SEC's cryptocurrency regulatory enforcement is now over." President Donald Trump's pro-XRP stance has also drawn attention. On the 19th, President Trump shared two articles related to Brad Garlinghouse, CEO of Ripple Labs, through Truth Social. Previously, reports emerged suggesting the Trump administration was considering XRP as a strategic reserve asset. CEO Garlinghouse has also continuously shown his affinity with President Trump. He said, "Trump is already making the cryptocurrency market great again," and added, "In the past, the SEC froze our business opportunities." The SEC has received review requests for XRP spot ETFs from six issuers including Bitwise, Grayscale, and 21Shares. The SEC must respond to Grayscale's XRP spot ETF approval request, which was submitted on the 14th, by October 18. The launch of an XRP spot ETF is expected to have a positive impact on XRP prices. JP Morgan predicted that "XRP spot ETFs will record inflows of up to $8 billion over one year." Son Min, BloomingBit reporter

Cryptocurrency A to Z Ripple-SEC lawsuit wrapping up Trump's pro-coin stance US approval possibility grows JP Morgan "When launched, $8 billion inflow expected over a year" On the 20th, the Brazilian Securities and Exchange Commission (CVM) approved the world's first XRP (formerly Ripple) spot ETF. When this news broke, XRP surged by 7%, reflecting investor expectations for XRP spot ETF trading. According to the decentralized prediction platform Polymarket, the probability of XRP spot ETF approval within this year has risen to 81%. This comes as expectations grow that the U.S. Securities and Exchange Commission (SEC) will also approve an XRP spot ETF. According to industry sources on the 23rd, the possibility that the legal battle between the SEC and Ripple could end soon has been raised in the market. John Reed Stark, former director of the SEC's Office of Internet Enforcement, stated on X (formerly Twitter), "The SEC's appeal against Ripple will be suspended or completely withdrawn," adding that "the SEC's cryptocurrency regulatory enforcement is now over." President Donald Trump's pro-XRP stance has also drawn attention. On the 19th, President Trump shared two articles related to Brad Garlinghouse, CEO of Ripple Labs, through Truth Social. Previously, reports emerged suggesting that the Trump administration was considering XRP as a strategic reserve asset. CEO Garlinghouse has also continuously shown his affinity with President Trump. He said, "Trump is already making the cryptocurrency market great again," adding that "in the past, the SEC froze our business opportunities." The SEC has received review requests for XRP spot ETFs from six issuers including Bitwise, Grayscale, and 21Shares. The SEC must respond to Grayscale's XRP spot ETF approval request, which was submitted on the 14th, by October 18. The launch of an XRP spot ETF is expected to have a positive impact on XRP prices. JP Morgan predicted that "XRP spot ETFs will record inflows of up to $8 billion over one year." Son Min, BloomingBit reporter

Cryptocurrency A to Z Ripple-SEC Lawsuit Wrapping Up Trump's Pro-Coin Stance US Approval Possibility Growing JP Morgan: "If Launched, $8 Billion Inflow Expected in a Year" On the 20th, the Brazilian Securities and Exchange Commission (CVM) approved the world's first XRP (formerly Ripple) spot ETF. When this news broke, XRP surged by 7%, reflecting investor expectations for XRP spot ETF trading. According to the decentralized prediction platform Polymarket, the probability of XRP spot ETF approval within this year has risen to 81%. This comes as expectations grow that the US Securities and Exchange Commission (SEC) will also approve an XRP spot ETF. According to industry sources on the 23rd, the possibility that the legal battle between the SEC and Ripple will soon end has been raised in the market. John Reed Stark, former director of the SEC's Office of Internet Enforcement, stated on X (formerly Twitter), "The SEC's appeal against Ripple will be suspended or completely withdrawn," adding that "the SEC's cryptocurrency regulatory enforcement is now over." President Donald Trump's pro-XRP stance has also drawn attention. On the 19th, President Trump shared two articles related to Ripple Labs CEO Brad Garlinghouse through Truth Social. Previously, reports had emerged suggesting that the Trump administration was considering XRP as a strategic reserve asset. CEO Garlinghouse has also continuously shown his affinity with President Trump. He said, "Trump is already making the cryptocurrency market great again," and added, "In the past, the SEC froze our business opportunities." The SEC has received review requests for XRP spot ETFs from six issuers including Bitwise, Grayscale, and 21Shares. The SEC must respond to Grayscale's XRP spot ETF approval request, which was submitted on the 14th, by October 18. The launch of an XRP spot ETF is expected to have a positive impact on XRP prices. JP Morgan predicted that "XRP spot ETFs will record inflows of up to $8 billion over one year." Son Min, BloomingBit Reporter

Cryptocurrency A to Z Ripple/SEC lawsuit conclusion Trump, cryptocurrency movements, etc. Possibility of US approval increases JP Morgan: "When launched, $8 billion will flow in over a year.

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Bank of Korea Governor Changryong Lee announced on the 25th that the base interest rate will be lowered 1-2 more times this year. During a press conference following the Monetary Policy Direction meeting that day, Governor Lee said, "The market's expectation that interest rates will be lowered 1-2 more times this year is not significantly different from our assumptions." On this day, the Monetary Policy Committee lowered the base rate from 3.0% per annum to 2.75% per annum. This decision was unanimous among the committee members. Regarding the interest rate outlook three months from now, Governor Lee said, "Four out of six Monetary Policy Committee members believe that the base rate is likely to be maintained at 2.75% per annum within three months." He added, "The remaining two members believe that the possibility of lowering it below 2.75% should also be kept open." Governor Lee explained, "The four members expressed concerns about the rapid depletion of additional room for interest rate cuts in a situation of high uncertainty in domestic and foreign policy conditions." He further added, "The remaining two members were of the opinion that, considering the downward pressure on the economy, it would be good to keep the possibility of additional cuts open and make judgments according to changing conditions." Governor Lee added, "However, all six members agreed that monetary policy is in an interest rate cutting phase, and they agreed to decide on the timing of cuts while monitoring future data." Reporter Jin-gyu Kang