BOK cuts key rate amid bleaker growth outlook

Bank of Korea Gov. Rhee Chang-yong bangs the gavel to open a Monetary Policy Committee meeting at the central bank in Seoul on Feb. 25, 2025. The central bank slashed its key interest rate 25 basis points to 2.75 percent in an effort to shore up economic growth amid weak domestic demand and uncertainties at home and abroad. (Pool photo) (Yonhap)

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