Bank of Korea Cuts Policy Rate to 2.5%, Lowers 2025 GDP Forecast to 0.8%

(Seoul = Yonhap News) Reporters Shin Ho-kyung, Han Ji-hoon, and Min Seon-hee = The Bank of Korea's Monetary Policy Committee (hereafter referred to as the MPC) cut the base interest rate by 0.25 percentage points (p) five days before the presidential election...

Bank of Korea cuts key rate as growth expectations wane

SEOUL -- South Korea's central bank cut its key policy rate 25 basis points to 2.50% on Thursday as it seeks to boost flagging growth.  Last month, at

Bank of Korea cuts policy rate to 2.5%, lowers 2025 GDP forecast to 0.8%

The Bank of Korea (BOK) cut its key interest rate to 2.5 percent on Thursday, in a widely expected move aimed at propping up the sagging domestic economy. The central bank also lowered its GDP growth forecast for this year to 0.8 percent, down from the 1.5 percent projection it made in February. In April, the BOK kept the key rate unchanged at 2.75 percent, citing the won’s weakness against the U.S. dollar and persistent inflation. A sharp rise …

Bank of Korea slashes growth forecast by half to 0.8% - EUROPE SAYS

May 30, 2025 SEOUL – The Bank of Korea nearly halved its economic growth projection for this year…

Rate cut signals crisis mode as South Korea confronts US trade policy collapse

The Bank of Korea (BOK) cut its benchmark interest rate by 25 basis points to 2.50% on Thursday, citing weakening growth and easing inflationary pressure. The central bank also lowered the interest rate on its Bank Intermediated Lending Support program from 1.25% to 1.00%, effective immediately. In its policy statement, the BOK revised its 2025 […] The post Rate cut signals crisis mode as South Korea confronts US trade policy collapse appeared f…

Affected by sluggish domestic demand and US tariff measures, the Bank of Korea (equivalent to the central bank) announced on the 29th that it would adjust the benchmark interest rate, lowering it by 1 basis point to 2.5%, marking the second rate cut in seven months.