South Korea makes first back-to-back rate cuts since 2009

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SEOUL :South Korea's central bank cut benchmark interest rates for a second straight meeting on Thursday in a surprise move as the economy stalled and inflation slowed more than policymakers predicted. The Bank of Korea (BOK) lowered its benchmark interest rate by a quarter percentage point to 3.00 per cent at its policy review, an outcome only four of 38 economists polled by Reuters foresaw. All others expected the bank to keep rates unchanged. It was the first back-to-back rate cut since

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South Korea makes first back-to-back rate cuts since 2009 https://www.channelnewsasia.com/ - 28.11.2024 03:48
South Korea makes first back-to-back rate cuts since 2009 https://www.channelnewsasia.com - 28.11.2024 03:17

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South Korea makes first back-to-back rate cuts since 2009 https://www.channelnewsasia.com/ - 28.11.2024 03:48
South Korea makes first back-to-back rate cuts since 2009 https://www.channelnewsasia.com - 28.11.2024 03:17