S. Korea’s c. bank cuts base rate

The Monetary Policy Board of the Bank of Korea (BoK) announced on Thursday a 25-basis-point cut in the Base Rate, lowering it from 2.75 per cent to 2.50 per cent.

Additionally, the board has decided to decrease the interest rate on programmes under the Bank Intermediated Lending Support Facility from 1.25 per cent to 1.00 per cent, effective from 29 May 2025.

Attribution: Amwal Al Ghad English
Subediting: M. S. Salama