- South Korea’s central bank decided to lower its policy rate by 0.5 percent.
- Bank of Korea had earlier slashed its rate by 25 basis points in May.
- The current rate may remain the same until the economy shows signs of recovery.
- Forecast made - that the economy would contract by 0.2 percent on-year by the end of the year.
Bank of Korea ....
Tags : SOUTH KOREA, ECONOMY, BANK OF KOREA, RATE CUT, 0.5 PERCENT,