South Korea Cuts Interest Rates
This is a South Korea's news story, published by CNBC, that relates primarily to BOK news.
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monetary policyCNBC
•Bank of Korea trims interest rates after holding for almost two years
79% Informative
South Korea's central bank has cut its benchmark interest rate by 25 basis points to 3.25% , the first rate cut from the BOK since the Federal Reserve started tightening its monetary policy in March 2022 .
This was in line with a poll of economists from Reuters , who forecasted a rate cut.
The move comes after South Korean inflation rate touched its lowest level in over three years .
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