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South Korea central bank cuts interest rates amid growing pressure from Trump's tariff war

IndiaTimes Thursday, 29 May 2025 ()
South Korea's central bank has lowered interest rates to bolster its export-driven economy, responding to pressures from the US tariff war. The Bank of Korea also significantly reduced its annual growth forecast to 0.8 percent, reflecting rising global uncertainties and lower-than-anticipated first-quarter growth. This rate cut brings lending rates to their lowest level since October 2022.
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