Bank of Korea Cuts Rates
This is a South Korea news story, published by CNBC, that relates primarily to Yoon Suk Yeol news.
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World
Bank of Korea cuts rates to lowest since August 2022 to boost sluggish growth

84% Informative
The Bank of Korea cut rates to 2.75% from 3% , hitting its lowest since August 2022 .
This was the third rate cut in four meetings, and in line with with expectations from economists polled by Reuters .
Decision comes as South Korea continues to grapple with political uncertainty over the impeachment trial of President Yoon Suk Yeol .
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