South Korea Cuts Rates Amidst Economic Woes

  Published 1 year ago

South Korea’s central bank lowered interest rates to 2.5% and significantly reduced its 2025 growth forecast to 0.8% due to Trump’s tariffs, weak demand, and recent political instability following former President Yoon’s removal.

  • The rate cut is the fourth since October.
  • Growth outlook nearly halved from February.
  • Political turmoil hinders trade leverage.

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