South Korea's central bank cuts borrowing costs to nurse the sluggish economy

South Korea's central bank responded to economic headwinds by cutting its key interest rate to 2.5% and sharply reducing its 2025 growth forecast to 0.8%. The moves aim to counter the impact of US President Trump's tariff policies and address weak domestic demand exacerbated by recent political turmoil following the ousting of President Yoon.

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