Bank of Korea’s rate cut aims to ease financial pressure, but rising household debt and inflation risks persist
The Bank of Korea (BOK) cut its benchmark interest rate on Friday by 0.25 percentage points, lowering the rate to 3.25% in its first rate cut in over three years.
While the move aims to support South Korea’s sluggish domestic economy and boost exports, it comes with a set of risks related to financial stability, inflation and the housing market.
The Bank of Korea (BOK) cut its benchmark interest rate on Friday by 0.25 percentage points, lowering the rate to 3.25% in its first rate cut in over three years.
While the move aims to support South Korea’s sluggish domestic economy and boost exports, it comes with a set of risks related to financial stability, inflation and the housing market.
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