Roundup: S. Korea cuts policy rate to 2.50 pct amid dimmer growth outlook

NAMPA / Xinhua

2025-05-29

SEOUL, May 29 (Xinhua) -- South Korea's central bank on Thursday cut its policy rate by a quarter percentage point amid a dimmer growth outlook for the Asian economy. Bank of Korea (BOK) Governor Rhee Chang-yong and other monetary policymakers decided to lower the benchmark seven-day repurchase rate to 2.50 percent from 2.75 percent. It was in line with market expectations. According to the Korea Financial Investment Association's poll of 1......

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