Economic news
Bank of Korea board members see need to respond to slowing economy, minutes show
2024.12.17 02:52
SEOUL (Reuters) – South Korea’s monetary policy board members said there was a need to respond quickly and preemptively to a slowing economy, as they decided to lower interest rates for a second straight meeting on Nov. 28, according to the minutes released on Tuesday.
Last month, the Bank of Korea delivered its first-back-to-back rate cuts since 2009 and signaled more to come, as economic growth faltered and policymakers turned a wary eye to trade risks from a second Donald Trump presidency.
