The Monetary Policy Board of the Bank of Korea has cut the base interest rate by 0.25 percentage points from 2.75% to 2.50%, marking the fourth cut in seven months. This decision is seen as an attempt to boost consumption and investment amidst sluggish private consumption and construction investment, and unstable exports due to the US-initiated tariff war. However, there are concerns that without adequate fiscal policies, the effect on stimulating the economy will be minimal and could lead to increased housing prices and household debt.
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Auto-posted at: 2025-05-29 21:03:13