South Korea’s central bank cuts a key rate to nurse a slower economy
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 unexpectedly cuts rates by 25 bps
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 Korean central bank surprises with rate cut
BUSAN, South Korea -- South Korea's central bank surprised observers by cutting the key rate for a second consecutive meeting on Thursday, amid projections of slow growth for Asia's fourth-largest economy.
Bank of Korea Surprises With Back-to-Back Rate Cut, Lowers Growth Forecasts
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 makes surprise rate cut as Trump trade risks loom
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.
South Korea unexpectedly cuts rates by 25 basis points — first back-to-back cuts since 2009
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
S Korea Surprises With Second Successive Rate Cut
South Korea's central bank cut interest rates Thursday for the second time in a row in a surprise move, citing stabilising inflation and the need to mitigate growing economic risks.
Russian central bank intervenes as rouble tumbles past 110 to the dollar
The Russian rouble weakened further against the U.S. dollar and China's yuan on Wednesday and is down by over 24% since early ...
Forint Slides as Hungary Central Bank Succession Unnerves Market
The Hungarian forint slid to a fresh two-year low as investors nervously awaited Prime Minister Viktor Orban’s choice of the ...
The impact of central bank digital currencies on traditional banking: A crypto perspective
Central bank digital currencies (CBDCs) could change the face of traditional banking and challenge cryptocurrencies.
Trump's policies may pose medium-term risk to inflation, New Zealand central bank official says
A top New Zealand central banker said on Thursday that U.S. President-elect Donald Trump's economic policies could pose a ...
African Bank Eyes Listing by 2028, Delaying Central Bank Exit
African Bank Ltd., rescued by South Africa’s central bank a decade ago, delayed its planned listing in 2025 by three years as ...
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China Central Bank Keeps Key Policy Rate Steady
China’s central bank kept a key policy rate steady in November and drained billions in liquidity from the financial ...
Australia’s Central Bank Overhaul Revived in Last Minute Talks
Australia’s plans to overhaul the Reserve Bank, including splitting the current board in two, may be back on the agenda after ...
European Central Bank warns that concentration in highly-valued U.S. tech stocks poses financial stability risk
High equity valuations and investors’ concentration in big U.S. tech stocks are among the main risks to financial stability, ...
Turkey Central Bank Holds Rates Again, Notes Progress on Taming Inflation
The bank’s policy committee left the benchmark interest rate at 50%.
Kenyan shilling unchanged; some central bank dollar sales match importer demand
The Kenyan shilling was unchanged on Wednesday, with some dollar sales by the central bank helping to match importer demand, ...