South Korea’s central bank cuts policy rate, as expected

by Aurelia Butler 11 October 2024, 00:55 119 Views

The Bank of Korea (BOK) lowered its benchmark interest rate by a quarter percentage point to 3.25% at its monetary policy review, an outcome expected by 34 of 37 economists polled by Reuters.

Governor Rhee Chang-yong holds a news conference at around 0210 GMT, which will be livestreamed via YouTube.

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South Korea’s central bank cuts policy rate, as expected

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