South Korea makes 1st back-to-back rate cuts since 2009

South Korea makes first back-to-back rate cuts since 2009
South Korea's central bank cut benchmark interest rates for a second straight meeting on Thursday in a surprise move as the economy stalled and inflation slowed more than policymakers predicted. The Bank of Korea (BOK) lowered its benchmark interest rate by a quarter percentage point to 3.
South Korea's central bank cuts a key rate to nurse a slower economy
South Korea’s central bank on Thursday lowered its key policy rate for the second straight month and said the country’s economy will grow at a slower pace than it initially anticipated. Following a meeting of its monetary policymakers,
Bank of Korea Surprises With Back-to-Back Rate Cut, Lowers Growth Forecasts
South Korea’s central bank unexpectedly cut its policy rate for a second straight time and lowered its growth forecasts as it looks to step up support for the sagging, trade-dependent economy as tariff risks loom large in the wake of the U.
South Korea's central bank unexpectedly cuts rates by 25 bps
South Korea's central bank cut policy interest rates for a second straight meeting in a surprise move as the economy stalled and inflation slowed more rapidly than policymakers predicted. The Bank of Korea (BOK) lowered its benchmark interest rate by a quarter percentage point to 3.
South Korea’s central bank doubles down on interest rate cuts
South Korea's central bank announced a surprise decision to cut its benchmark interest rate for a second consecutive session on November 28th. The BOK’s monetary policy committee reduced the interest rate by 25 basis points to 3%,
Watch South Korea’s twin panda cubs experience their first snowfall
South Korea’s twin panda cubs, Rui Bao and Hui Bao have enjoyed their first taste of winter amid record November snowfall in ...
Panic in South Korea - low wages, long days and fears population is on brink of collapse
South Korea has the lowest fertility rate in the world, forcing the government to introduce measures to encourage women to ...
South Korea to roll out $10 bln in loans next year to support chip industry
South Korea plans to roll out 14 trillion won ($10 billion) of low-interest loans next year to support its chip industry, the ...
Controversial American live-streamer faces prison in South Korea for offensive behavior
A controversial American live-streamer is facing the prospect of prison in South Korea for his offensive antics, in a case ...
What to know about the plastic pollution treaty talks in South Korea
A last round of negotiations on a legally binding treaty to address the global scourge of plastic pollution has opened in ...
South Korea Holds Memorial for Forced WW2 Laborers, Boycotts Japan's Event
The South Korean ceremony took place near Japan's Sado mines, where an estimated 1,500 Korean laborers were forced to work ...
South Korea convicts man over binge eating to dodge military draft
A South Korean man who ate to the point of obesity in an attempt to dodge the army has avoided prison after he pledged to ...