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Bank of Korea Cuts Key Rate

Bank of Korea slashes rates to lowest since August 2022 on economic worries, cuts growth forecast

The Bank of Korea cut rates to 2.75% from 3%, in line with expectations from economists polled by Reuters, trimming rates for the third time in four meetings.

Reuters on MSN · 1d

Bank of Korea cuts rates to bolster growth, lowers GDP forecast

The Bank of Korea cut interest rates by 25 basis points and significantly lowered its GDP forecasts on Tuesday, steering Asia's fourth-largest economy from a restrictive monetary policy stance towards a neutral one to support growth.

The Wall Street Journal on MSN · 1d

Bank of Korea Cuts Rate, Lowers Growth Forecast

South Korea’s central bank cut its base rate and lowered its growth forecast for this year, as it resumed easing to support a sagging economy.

Asia markets open lower as Trump tariffs dent sentiment; Bank of Korea rate decision on tap

The Bank of Korea is expected to cut rates by 25 basis points in its meeting later in the day, according to a Reuters poll.

조선일보23h

Korea allows half of personal training costs deductible in tax reform

Korea allows half of personal training costs deductible in tax reform Government revises tax regulations to enhance personal ...

Yonhap News Agency22h

(EDITORIAL from Korea Herald on Feb. 26)

The central bank's move came after it froze the rate in January to gauge the impact of the two rate cuts made in October and November last year. The one-month pause also reflected concerns about the ...

Hosted on MSN5d

Korea's household debt moderates, yet gov't wary of potential resurgence

Korea's household debt was 90.5 percent at the end of 2024, down 93.6 percent from 2023, according to a preliminary estimate.

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