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MNI BRIEF: Bank of Korea Cuts Policy Rate To 3.25% - Press

MNI (TOKYO) - The Bank of Korea board on Friday decided to lower its policy interest rate to 3.25% from 3.50% as the bank's confidence on lowering inflation grows, Wowkorea reported.

The move was largely anticipated and is the first cut since May 2020. (See MNI BOK WATCH: 25bp Cut Likely, Board To Focus On Debt)

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MNI (TOKYO) - The Bank of Korea board on Friday decided to lower its policy interest rate to 3.25% from 3.50% as the bank's confidence on lowering inflation grows, Wowkorea reported.

The move was largely anticipated and is the first cut since May 2020. (See MNI BOK WATCH: 25bp Cut Likely, Board To Focus On Debt)

Keep reading...Show less