South Korea unexpectedly cuts rates by 25 basis points

South Korea makes first back-to-back rate cuts since 2009
South Korea's central bank cut benchmark interest rates for a second straight meeting on Thursday in a surprise move as the economy stalled and inflation slowed more than policymakers predicted.
South Korea unexpectedly cuts rates in first back-to-back move since 2009
SEOUL - The Bank of Korea (BOK) surprised investors by cutting its benchmark interest rate on Nov 28 after delivering gloomier growth forecasts in its first back-to-back move since 2009.
South Korea unexpectedly cuts rates by 25 basis points — first back-to-back cuts since 2009
Economists polled by Reuters had estimated the bank to hold rates at 3.25%. This also marked the first time the BOK has enacted two back-to-back cuts since 2009. It had cut rates by 25 bps in its last meeting in October.
South Korea's central bank unexpectedly cuts rates by 25 bps
South Korea's central bank cut policy interest rates for a second straight meeting in a surprise move as the economy stalled and inflation slowed more rapidly than policymakers predicted.
Bank of Korea cuts benchmark lending rate by 25 basis points in a surprise move
South Korea's central bank on Thursday cut its benchmark interest rate by 25 basis points to 3% in a surprise move. Economists polled by Reuters had estimated the bank to hold rates at 3.25%. This is the second straight cut as the Bank of Korea lowered rates by 25 basis points in its last meeting in October as well.

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