The Bank of Korea lowered its base rate for the first time in more than four years on Friday, in order to stimulate economy as inflation weakened to the lowest since early 2021 and household debt began to slow on tight macroprudential policies. The Monetary Policy Board headed by Rhee Chang Yong decided to cut the Base Rate by 25 basis points to 3.25 percent from 3.50 percent.
Read Full Story
Latest posts by Top News Editor (see all)
- Australian Dollar Falls Amid Trump Trades Optimism - November 6, 2024
- European Economic News Preview: Germany Factory Orders Data Due - November 6, 2024
- India Services Growth Strengthens In October - November 6, 2024