Data: The Bank of Korea cuts interest rates by 25 basis points, lowering the benchmark rate from 3.50% to 3.25%
ChainCatcher news, according to KBS, the Bank of Korea's Monetary Policy Committee held its seventh monetary policy direction meeting of the year today (11th), lowering the benchmark interest rate from the current 3.50% to 3.25%, a decrease of 25 basis points.
This rate cut marks a shift from the Bank of Korea's monetary tightening stance, which began in August 2021 with a 0.25% rate increase, to a loosening stance after 3 years and 2 months.
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