INSUBCONTINENT EXCLUSIVE:
The Bank of Korea made a decisive move by lowering its key interest rate to 3.00% today
consumption shows weakness while employment numbers continue to decline
October, reaching its lowest point since early 2021
The bank adjusted its economic forecasts to reflect current realities.South Korea Lowers Rates as Growth Forecasts Drop Below 2%
(Photo Internet reproduction)Growth projections now stand at 2.2% for 2024 and 1.9% for 2025
Both figures represent downward revisions from previous estimates
The central bank aims to protect the economy against possible policy shifts in major trading partners.Corporate restructuring efforts across
various sectors require careful monetary support
Financial experts suggest more rate cuts may follow in 2025
Some analysts predict the benchmark rate could reach 2.00% by year-end.The effectiveness of monetary easing remains debatable
Critics point to rising household debt as a significant risk factor
The central bank maintains its commitment to economic stability through measured policy responses.This rate decision reflects a balance
between supporting growth and managing financial risks
Market participants now watch closely for signs of economic improvement following this monetary adjustment.
