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. The Bank of Korea (BOK) lowered its benchmark interest rate by a quarter percentage point to 3.

Brown cited former Bank of Canada governor Stephen Poloz who reckoned that $5 billion added to the deficit stimulated economic growth to the same degree as a 25 bps interest rate cut, though, Brown noted that assessment dates from a time when the economy was “much smaller.”

South Korea’s central bank has lowered its key policy rate and says the country’s economy will grow at a slower pace than it initially anticipated

The Reserve Bank of India (RBI) is set to hold interest rates on Dec. 6 as a sharp rise in consumer inflation has led several economists in a Reuters poll to push back their forecasts for the first cut in the cycle by a couple of months to February.

The Bank of Korea ramped up its support for the economy with a surprise interest rate cut as Governor Rhee Chang-yong sounded the alarm over the potential impact of Donald Trump’s return to power on global trade.

South Korea’s central bank unexpectedly cut its policy rate for a second straight time and lowered its growth forecasts as it looks to step up support for the sagging, trade-dependent economy as tariff risks loom large in the wake of the U.

South Korea's central bank delivered a surprise interest rate cut on Thursday and signaled more to come, as economic growth faltered and policymakers turned a wary eye to trade risks from a second Donald Trump presidency.

This was the first time the Bank of Korea enacted two back-to-back cuts since 2009. It had cut rates by 25 basis points in its last meeting in October. Economists polled by Reuter