South Korea's central bank likely to significantly lower GDP growth forecast to below 1%

South Korea's central bank likely to significantly lower GDP growth forecast to below 1%

The Bank of Korea (BOK) is expected to slash this year’s economic growth outlook for the country to below 1 percent, down significantly from the previous projection of 1.5 percent, hamstrung by anemic domestic demand, political uncertainty and the effects of "reciprocal" U.S. tariffs under the Trump administration, market watchers said Sunday. Many expect the rate-setting monetary policy board of the central bank will cut the key rate by a quart…