South Korea’s central bank cuts rate, growth outlook over tariff fears

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SEOUL, Feb 25 – South Korea’s central bank today slashed interest rates and its annual growth forecast as it looks to bo...

Asia’s fourth-largest economy expanded less than expected in the final three months of 2024 as Yoon’s martial law move hit consumer confidence and domestic demand.

Dave Chia, associate economist at Moody’s Analytics, said he expected at least one more rate cut this year.“The boom in artificial intelligence should sustain shipments of advanced memory chips,” he wrote in a note.

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Category: EconomyBusiness

Markets: MalaysiaChinaSouth KoreaUnited States

Topics: Martial law Slash Central bank South korea Annual growth Forecast Interest rates Steel China Tariffs President Yoon Suk Yeol Exclude United states Bank of korea Donald trump Aluminium

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-25 @ 15:40:36 (4 days ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 566 words

Reading Time: 4 minutes read

Sentences: 24 lines

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Copyright Owner: © Malay Mail

News ID: 26537197

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