South Korea's central bank cuts a key rate to nurse a slower economy

By Yahoo! Finance   |   1 year ago
South Korea's central bank cuts a key rate to nurse a slower economy

The Bank of Korea reduced its key policy rate to 3% for the second consecutive month, citing slower economic growth. The bank revised its growth outlook to 2.2% for 2024 and 1.9% for 2025, amid concerns over high inflation and household debt.

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