S. Korea’s c. bank cuts base rate to 2.75%

The Monetary Policy Board of the Bank of Korea (BoK) announced on Tuesday a 25-basis-point cut in the Base Rate, lowering it from 3.00 per cent to 2.75 per cent.

Additionally, the board has decided to decrease the interest rate on programmes under the Bank Intermediated Lending Support Facility from 1.50 per cent to 1.25 per cent, effective from 25 February 2025.

Attribution: Amwal Al Ghad English

Subediting: M. S. Salama