Bank of Korea cut benchmark interest rates for a second straight meeting - a surprise move ...Middle East

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Bank of Korea cut benchmark interest rates for a second straight meeting - a surprise move
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Bank of Korea cut benchmark interest rates for a second straight meeting in a surprise move:Bank of Korea unexpectedly cuts its base rate by 25bpfirst time since 2009 the central bank cut interest rates for two consecutive meetingsBoK also lowered its forecasts for economic growth and inflationSouth Korean won, bond yields weakened. KOSPI caught a wee bid. More from the BoK now:The Bank of Korea will thoroughly assess the impact of the base rate cut on inflation, growth, and financial stability.Consumption is expected to continue a moderate recovery.Exports growth is likely to fall.The Bank of Korea will assess trade-offs among policy variables in determining the pace of further cuts.The pac

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