South Korea central bank cuts policy interest rates by 25 basis points

摘要

SINGAPORE (ICIS)--South Korea’s central bank cut on Wednesday its key interest rate by 25 basis points to 1.25% as trade continued to contract, slowing down global economic growth. “The global financial markets have shown high levels of volatility, affected mainly by the uncertainties concerning the US-China trade dispute and the sluggishness of economic indicators in major countries,” the Bank of Korea (BOK) said in a statement.