PREVIEW: The Bank of Korea is expected to slash its policy rate by 25 bps to 2.75%--its second rate cut in three months and the first time it falls below 3% since March 2011. 18 of 22 analysts surveyed by Dow Jones tip the BOK to cut rates Thursday, while the remaining four expect no change this time and a cut next month. "Sustained weakness in industrial production and exports justify further monetary easing, as it raises the chances of yet another downward revision of the GDP growth forecast," says Standard Chartered economist Yoon Eun-hye. Some analysts, however, expect the BOK to stand pat following the government's KRW5.9 trillion stimulus package announced on Monday. The rate decision is due around 0100 GMT Thursday.
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