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, the Bank of Korea cut its benchmark interest rate by a quarter percentage point to 3%. 

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South Korea's central bank cuts a key rate to nurse a slower economy

South Korea’s central bank has lowered its key policy rate for the second straight month and says the country’s economy will grow at a slower pace than it initially anticipated

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SEOUL, South Korea (AP) — South Korea’s central bank lowered its key policy rate for a second straight month and said the country’s economy will grow at a slower pace than it initially anticipated. Following a policy meeting, the Bank of Korea cut its benchmark interest rate by a quarter percentage point to 3%. The […]

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South Korea's central bank cuts key interest rate to nurse a slower economy - Seymour Tribune

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South Korea: Central Bank Surprises by Cutting Interest Rates for Second Time in a Row

Associated Press SEOUL, South Korea (AP) — South Korea’s central bank has lowered its key policy rate for the second straight month and says the country’s economy will grow at a slower pace than it initially anticipated. The Bank of Korea cut its benchmark interest rate by a quarter percentage point to 3% after policymakers met Thursday. The bank lowered its outlook for the country’s economic growth from 2.4% to 2.2% for 2024 and from 2.1% to 1.…

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SEOUL : South Korea's central bank unexpectedly cut interest rates by 25 basis points to 3.00 per cent on Thursday, delivering its first back-to-back cuts since the global financial crisis of 2008-2009.MARKET REACTION:South Korea's policy-sensitive three-year treasury bond futures rose as much as 0

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Bank of Korea unexpectedly cuts rates for second straight meeting

This surprised economists polled by Reuters, which expected the BOK to hold rates.

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South Korea unexpectedly cuts rates by 25 basis points — first back-to-back cuts since 2009

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This is seen as pre-emptive move against incoming Trump tariffs.

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South Korea unexpectedly cuts rates in first back-to-back move since 2009

SEOUL, South Korea (AP) -- 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.

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South Korea's central bank cuts a key rate to nurse a slower economy

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