SEOUL: The Bank of Korea cut interest rates by 25 basis points and significantly lowered its GDP forecasts on Tuesday (Feb 25 ...
The Bank of Korea is expected to cut rates by 25 basis points in its meeting later in the day, according to a Reuters poll.
SEOUL, 27th February, 2025 (WAM) -- The Republic of Korea's net overseas financial assets hit a record high to surpass US$1 trillion for the first time ever last year, Yonhap News Agency reported ...
The central bank's move came after it froze the rate in January to gauge the impact of the two rate cuts made in October and November last year. The one-month pause also reflected concerns about the ...
Korea's household debt was 90.5 percent at the end of 2024, down 93.6 percent from 2023, according to a preliminary estimate.
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