Forex news
South Korea,s Bank of Korea cuts interest rate to 2.75%
This rate cut was widely expected. Many analysts predicted this move. The Bank of Korea also shared new economic forecasts.
The Bank of Korea lowered its key interest rate. It dropped 25 basis points to 2.75%. This rate cut was widely expected. Many analysts predicted this move. The Bank of Korea also shared new economic forecasts. These forecasts cover growth and inflation.
2025 GDP growth forecast: 1.5%
2026 GDP growth forecast: 1.8%
2025 inflation forecast: 1.9%
2026 inflation forecast: 1.9%
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