Bank of Korea Cuts Rates for Fourth Time, Aiming to Boost Growth Amidst Slowdown

South Korea’s central bank lowered its benchmark interest rate by 25 basis points to 2.50%, marking the fourth rate reduction since October 2024. This decision was made at the BOK’s meeting in Seoul on Thursday, with economic forecasts predicting weak growth this year at only 0.8%. The move aims to stimulate a sluggish economy grappling with both domestic demand and uncertainties surrounding U.S. tariffs. Economic analysts cite the expanding DeFi sector and increased investment from institutions as potential drivers of the current positive momentum.