Reported about 9 hours ago
The Bank of Korea unexpectedly slashed its interest rate by a quarter-point to 3% as concerns grow over Donald Trump’s potential impact on global trade and South Korea’s economy. This move, made just a month after starting a policy shift to stimulate growth, reflects increasing uncertainties and aims to address anticipated setbacks in investment and consumption linked to Trump's victory. The BOK also revised down its 2025 growth forecast to under 2%, signaling a proactive response to potential economic downturns.
Source: YAHOO