The Bank of Korea Surprised Investors With Rate Cuts.

The Bank of Korea surprised investors with an interest rate cut on the back of the latest policy response to Donald Trump’s return to the White House. To support the economy, the central bank ramped up the pace of its policy easing by lowering its seven-day repurchase rate by a quarter-percentage point to 3% just a month after a long-awaited pivot to rate cuts. In its post-decision statement, the BOK cited possible policies of the incoming US administration as a factor driving higher uncertainties for the global economy. It cut its growth forecast for 2025 to more than 2% and cut its projection for this year.