Arab Today, arab today south koreas central bank cuts base rate to 175 in surprise move
Last Updated : GMT 12:21:06
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South Korea's central bank cuts base rate to 1.75% in surprise move

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Arab Today, arab today South Korea's central bank cuts base rate to 1.75% in surprise move

South Korea's central bank
Seoul - Yonhap

South Korea's central bank unexpectedly slashed the base rate to a record low of 1.75 percent on Thursday, pressed for policy efforts to boost growth and inflation in Asia's fourth-largest economy.
The rate cut is the first since October, when the Bank of Korea (BOK) brought down the key rate to a record-matching low of 2 percent. The monetary policy committee has since then unanimously voted to keep the base rate on hold.

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