Bank of Korea cuts policy rate by 25 bps, lowers GDP forecast

Feb. 25, 2025 2:01 AM ETiShares MSCI South Korea ETF (EWY), KORU, FLKR, USD:KRW, KRW:USDKOSPIBy: Arundhati Sarkar, SA News Editor
(2min)
Flag of South Korea on dark blue background

da-kuk

Bank of Korea lowered its base rate by 25 basis points to 2.75% at the February meeting after keeping it unchanged in January.

This marked the third reduction in four months, which was in-line with market expectations.

"There is a

Recommended For You

More Trending News

Related Stocks

SymbolLast Price% Chg
EWY--
iShares MSCI South Korea ETF
KORU--
Direxion Daily South Korea Bull 3X Shares ETF
FLKR--
Franklin FTSE South Korea ETF
USD:KRW--
US Dollar / Korean Won
KRW:USD--
Korean Won / US Dollar