💨 Abstract

South Korea's central bank, the Bank of Korea, reduced its key interest rate by 0.25% to 2.5% to boost the economy amid domestic political turmoil and global trade tensions. The bank also lowered its 2025 economic growth outlook to 0.8% from 1.5%. The measures aim to counteract U.S. tariff hikes, weak domestic demand, and global economic slowdown.

Courtesy: WTOP Staff