S. Korea's central bank cuts rate, growth outlook over tariff fears

Legit | 25-02-2025 02:33pm |

South Korea's central bank on Tuesday slashed interest rates and its annual growth forecast as it looks to bolster the economy in the face of US tariffs and the fallout from President Yoon Suk Yeol's brief declaration of martial law last year. Seoul's central bank on Tuesday also said employment had continued to slow.

Stay Updated with the Latest News!

Don't miss out on breaking stories and in-depth articles.