BOK delivers quarter-point rate cut

BOK delivers quarter-point rate cut

Bank of Korea Gov. Rhee Chang-yong bangs the gavel to open a Monetary Policy Committee meeting at the central bank in Seoul on May 29, 2025. The central bank lowered its benchmark interest rate by a quarter percentage point, just five days ahead of the country's presidential election, in an effort to prop up economic growth amid sluggish domestic demand and uncertainties stemming from Washington's sweeping tariff scheme. (Pool photo) (Yonhap)

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