Bank of Korea resumes easing and lowers GDP forecast
Cut of 25bp aimed at boosting economy as country grapples with US tariffs and domestic political drama
The Bank of Korea has resumed its easing cycle with a quarter-point cut and lowered its growth forecast, while flagging concerns over US trade policy and the fallout of domestic political turmoil.
The BoK today (February 25) cut its base rate by 25 basis points to 2.75%. It also significantly lowered the GDP forecast for this year to 1.5%, down from the 1.9% it projected in November.
“High uncertainties remain along the future path of economic growth concerning trade policies in major countries
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