South Korea’s central bank on Thursday lowered its key policy rate for the second straight month and said the country’s economy will grow at a slower pace than it initially anticipated.

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.

South Korea’s central bank unexpectedly cut its policy rate for a second straight time and lowered its growth forecasts for the country as it looks to step up support for the sagging economy.

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 BOK enacted two back-to-back cuts since 2009. It had cut rates by 25 bps in its last meeting in October. Economists polled by Reuters had estimated the