Should global trade conflicts intensify due to the possible implementation of sweeping tariffs and other protectionist measures by the second Donald Trump administration and corresponding measures by ...
BOK Gov. Rhee Chang-yong said four out of six board members supported the rate cut, while three of the six voiced a need to keep open the possibility of further rate reductions in the next three ...
The monetary policy committee of the Bank of Korea (BOK) cut its key rate by 25 basis points to 3.0 percent during a rate-setting meeting in Seoul. The decision came a month after the BOK slashed ...
The central bank lowered its seven-day repurchase rate by a quarter-percentage point to 3% in a possible early response to growing trade and economic concerns following Donald Trump’s presidential ...
Asia market update: BOK cuts unexpectedly as Trump continues to shake world trade order via social media posts; USD retakes some ground even as USTs stay down. - The Bank of Korea (BOK ...
The BOK cut its 2025 growth forecast to 1.9% versus a 2.1% projection in August, a move that likely contributed to what the bank described as an effort to “mitigate downside risks to the economy.” ...
The move underscores a sense of urgency among board members and shows the BOK is intent on becoming more agile if and when more volatility sweeps across the world economy. Trump’s campaign ...
“You should see this as a pre-emptive response to an inevitable slump in investment and consumption should the economy chill next year with Trump targeting US trading partners from China to South ...
(Bloomberg) -- The Bank of Korea ramped up its support for the economy with a surprise interest rate cut as Governor Rhee Chang-yong sounded the alarm over the potential impact of Donald Trump’s ...
While major central banks have flagged the risks that a change in US administration may entail, the BOK followed through with action as it added to its reputation of moving early on policy. The bank’s ...