GLONGHUI, Oct. 24 | Dutch International Group analyst Min Joo Kang said that the Korean economy narrowly avoided a technical recession in the third quarter, and the month-on-month increase after seasonal adjustments barely reached 0.1%, but failed to meet general market expectations. The economist said that the Bank of Korea took tough measures to cut interest rates in October last year, and is very cautious about suggesting further interest rate cuts in the near future. “But as GDP falls short of expectations, the Bank of Korea's concerns about a slowdown in economic growth should increase,” she said. Dutch International Group does not expect to cut interest rates in November, but believes that the Bank of Korea's tone should be more moderate. She added that since the inflation rate is expected to stay below 2% for some time, the policy focus should shift to supporting economic growth.