The Bank of Korea cut its benchmark rate earlier:Bank of Korea rate cut as expected, base rate to 3.25% from 3.5%More now from the Bank:The Bank of Korea will thoroughly assess trade-offs among inflation, growth, and financial stability.The South Korean economy is expected to continue moderate growth.The Bank of Korea will carefully determine the pace of further cuts to the base rate.Uncertainties to the growth path are higher compared to August.Domestic consumption recovery has been delayed.It is still important to remain cautious of risks such as the impact of rate cuts on household debt.South Korea’s 2025 inflation forecast is expected to be consistent with earlier projections.Oil price c
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