South Korea makes 1st back-to-back rate cuts since 2009

South Korea's central bank cuts a key rate to nurse a slower economy
South Korea’s central bank has lowered its key policy rate for the second straight month and says the country’s economy will grow at a slower pace than it initially anticipated
South Korea's central bank unexpectedly cuts rates by 25 bps
South Korea's central bank cut policy interest rates for a second straight meeting in a surprise move as the economy stalled and inflation slowed more rapidly than policymakers predicted. The Bank of Korea (BOK) lowered its benchmark interest rate by a quarter percentage point to 3.
South Korea unexpectedly cuts rates in first back-to-back move since 2009
SEOUL - The Bank of Korea (BOK) surprised investors by cutting its benchmark interest rate on Nov 28 after delivering gloomier growth forecasts in its first back-to-back move since 2009.
South Korea unexpectedly cuts rates by 25 basis points — first back-to-back cuts since 2009
This also marked the first time the BOK has enacted two back-to-back cuts since 2009. It had cut rates by 25 bps in its last meeting in October. The Kospi stock index was up 0.18%, while the South Korean fell 0.37% to trade at 1,393.82 against the U.S. dollar.
South Korea makes first back-to-back rate cuts since 2009
South Korea's central bank cut benchmark interest rates for a second straight meeting on Thursday in a surprise move as the economy stalled and inflation slowed more than policymakers predicted.
Bank of Korea Surprises With Back-to-Back Rate Cut, Lowers Growth Forecasts
South Korea’s central bank unexpectedly cut its policy rate for a second straight time and lowered its growth forecasts for the country as it looks to step up support for the sagging economy.

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