South Korea’s central bank cuts interest rates to 2.75% despite inflation risks

South Korea’s central bank has lowered its benchmark interest rate to 2.75%, the lowest level since August 2022, to revive a sluggish economy facing political uncertainty. The Bank of Korea (BOK) announced the 25-basis-point cut on Tuesday, marking its third reduction in four meetings. The move aligns with economists’ expectations and signals a shift in […]