Reported 10 days ago
South Korea's central bank is likely to expedite and deepen interest rate cuts due to the economic strain from the escalating U.S. trade war. Initially projected to implement two quarter-point cuts later this year, market turmoil may prompt a reduction as soon as next week. With recent tariffs raising concerns and economic predictions being downgraded, the Bank of Korea is under pressure to adjust its monetary policy to support growth while navigating political instability in the country.
Source: YAHOO