The Bank of Korea’s Monetary Policy Committee (MPC) has cut the base interest rate by 0.25 percentage points from 2.75% to 2.50%, the fourth cut in seven months. The decision is seen as an attempt to stimulate domestic demand and investment, which have shown weakness, and to mitigate the impact of the US-led trade war on exports. However, there are concerns that without adequate fiscal policies, the rate cuts may have minimal effect on the economy and could stimulate housing prices and household debt.
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Auto-posted at: 2025-05-29 21:03:47