The Bank Of Korea Lowers Its Benchmark Interest Rate To 3.25%

The Bank of Korea lowers its benchmark interest rate to 3.25%
Recently, the Bank of Korea (PBOC) lowered its benchmark interest rate by 0.25 percentage points, from 3.5% to 3.25%, in line with market expectations. It is reported that this is the first time in 38 months that South Korean banks have relaxed their monetary policy. After the Federal Reserve cut interest rates by 50 basis points and hinted at further cuts in the future, market expectations for the Bank of Korea to shift towards loose policies in the coming months have risen