Seoul, May 29, 2025 (AFP) - S Korea central bank cuts rate, slashes 2025 growth forecast

NAMPA / AFP

2025-05-29

South Korea's central bank cut interest rates Thursday in a bid to cushion the export-dependent economy from US President Donald Trump's tariff war, as it almost halved its annual growth forecast. Decision-makers lowered the benchmark interest rate "from the current 2.75 per cent to 2.5 percent" and predicted the economy would expand just 0.8 percent this year, down from the 1.5 percent projected in February. Asia's fourth-largest economy grew le......

Restricted content

Business & Finance News

2025-05-31 00:30:34

Washington, May 30, 2025 (AFP) - Trump accuses China of violating tariff de-escalation deal

2025-05-30 23:01:01

New York, May 30, 2025 (AFP) - US stocks mixed as China trade tensions fuel unease

2025-05-30 22:31:01

Washington, May 30, 2025 (AFP) - Trump accuses China of violating tariff de-escalation deal

2025-05-30 20:01:19

London, May 30, 2025 (AFP) - UK government sells last stake in rescued NatWest bank

2025-05-30 20:01:17

Ottawa, May 30, 2025 (AFP) - Canada growth up but Trump tariffs starting to hurt

2025-05-30 18:04:02

Washington, May 30, 2025 (AFP) - US April inflation cooled more than expected, despite tariffs

2025-05-30 17:32:45

Washington, May 30, 2025 (AFP) - Trump signals fresh trade tensions with China

2025-05-30 17:32:31

Washington, May 30, 2025 (AFP) - US April inflation cooled more than expected, despite tariffs

2025-05-30 16:03:07

Washington, May 30, 2025 (AFP) - US stocks fall on jitters over China trade tensions

2025-05-30 16:03:02

Ottawa, May 30, 2025 (AFP) - Export surge pushes up Canada first quarter growth

2025-05-30 16:02:59

Latest NAMPA photos

WINDHOEK, 28 May 2025 - Hundreds of people gathered at Parliament Gardens in Windhoek for the Genocide Remembrance Day commemoration on Wednesday. (Photo by: Edward Tenete) NAMPA

NAMPA

WINDHOEK, 27 May 2025 - Minister of Agriculture, Fisheries, Water and Land Reform, Inge Zaamwani handed over allotment letters to nine beneficiaries who previously lived in corridor areas in the Omaheke Region. (Photo by: Ali Negumbo) NAMPA

NAMPA

WINDHOEK, 27 May 2025 - President of Special Olympics Africa, Charles Nyambe. (Photo: Contributed)

NAMPA

KATIMA MULILO, 26 May 2025 - Chief Administrator of the Namibia Sports Commission, Freddy Simataa Mwiya, officially opened the Namibian Local Authority Sports and Recreation Association (NALASRA) Games at Katima Mulilo. (Photo by: Michael Mutonga Liswaniso) NAMPA

NAMPA

NKURENKURU, 26 May 2025 - The Real Madrid Foundation Football Clinics in collaboration with Cadilu Fishing and the Namibia Schools Sport Union, implemented a football programme in the Kavango West Region on Monday. (Photo by: Lylie Joel) NAMPA

NAMPA

WINDHOEK, 24 May 2025 - African Stars FC players pictured at the Independence Stadium. (Photo by: Edward Tenete) NAMPA

NAMPA

NKURENKURU,22 May 2025 - No cattle were lost at the Kavango Cattle Ranch over the past 12 months due to illness, Namibia Industrial Development Agency (NIDA) CEO, Richwell Lukonga, has said. (Photo by: Lylie Joel) NAMPA

NAMPA