South Korea makes 1st back-to-back rate cuts since 2009

South Korea makes first back-to-back rate cuts since 2009
South Korea's central bank cut benchmark interest rates for a second straight meeting on Thursday in a surprise move as the economy stalled and inflation slowed more than policymakers predicted.
Bank of Korea cuts benchmark lending rate by 25 basis points in a surprise move
South Korea's central bank on Thursday cut its benchmark interest rate by 25 basis points to 3% in a surprise move.Economists polled by Reuters had estimated the bank to hold rates at 3.25%.This is the second straight cut as the Bank of Korea lowered rates by 25 basis points in its last meeting in October as well.
South Korea’s central bank cuts a key rate to nurse a slower economy
South Korea’s central bank has lowered its key policy rate for the second straight month and says the country’s economy will grow at a slower pace than it initially anticipated.
VIEW Bank of Korea unexpectedly cuts rates for second straight meeting
South Korea's central bank unexpectedly cut interest rates by 25 basis points to 3.00% on Thursday, delivering its first back-to-back cuts since the global financial crisis of 2008-2009.
South Korea unexpectedly cuts rates by 25 basis points — first back-to-back cuts since 2009
Economists polled by Reuters had estimated the bank to hold rates at 3.25%. This also marked the first time the BOK has enacted two back-to-back cuts since 2009. It had cuts rates by 25 bps cut in its last meeting in October.
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