Bank of Korea cuts its base interest rate by 25bp, as expected.
- Cut to 2.5% from 2.75%
Sees 2025 South Korea inflation at 1.9%
- 2025 GDP growth at 0.8%
- 2026 GDP growth at 1.6%
- 2026 inflation at 1.8%
Bank of Korea Governor Rhee news confrence will commence around 0210 GMT (2210 US Eastern time)
This article was written by Eamonn Sheridan at www.forexlive.com.
