Seoul, Feb 25, 2025 (AFP) - S. Korea's central bank cuts rate, growth outlook over tariff fears

NAMPA / AFP

2025-02-25

South Korea's central bank on Tuesday slashed interest rates and its annual growth forecast as it looks to bolster the economy in the face of US tariffs and the fallout from President Yoon Suk Yeol's brief declaration of martial law last year. The South Korean economy - Asia's fourth largest - grew less than expected in the final three months of 2024 as Yoon's martial law move hit consumer confidence and domestic demand. Fears are also growing ov......

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