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South Korea’s central bank cuts its key interest rate by a quarter percentage point to 2.5%, marking its

Economy of South Korea — South Korea’s central bank cuts its key interest rate by a quarter percentage point to 2.5%, marking its fourth cut since October, and sharply lowered its 2025 growth forecast to 0

Published May 29, 2025· Updated October 28, 2026·1 min read

Context: Economy of South Korea.

South Korea’s central bank cuts its key interest rate by a quarter percentage point to 2.5%, marking its fourth cut since October, and sharply lowered its 2025 growth forecast to 0.8%, nearly halving the previous projection of 1.5% announced in February after a monetary policy meeting. Share prices rise following the report, with the Kospi gaining 1.7%. [https://apnews.com/article/korea-economy-rate-tariffs-trump-d2cf5ea0db7ad02147f144ba50c7ee4b (AP)]

Event summary via Wikipedia Current Events (2025-05-29).