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.

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 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.

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.

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.

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

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.