South Korea's central bank unexpectedly cuts its benchmark rate to 3% from 3.25% - its first cut...

|By:, SA News Editor

South Korea's central bank unexpectedly cuts its benchmark rate to 3% from 3.25% - its first cut in three years. Only three of 26 economists surveyed expected a cut, though Credit Suisse was on top of it. The dollar +0.2% against the Korean won.