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flag South Korea cuts interest rates to 2.75% amid economic slowdown and global uncertainties.

flag South Korea's central bank, the Bank of Korea, reduced its benchmark interest rate by 25 basis points to 2.75% to support economic growth amid weak domestic demand and global market uncertainties. flag The bank also lowered its 2025 GDP growth forecast to 1.5%, down from the previous estimate of 1.9%, citing the impact of US tariffs and domestic political unrest, including the effects of President Yoon Suk Yeol's martial law declaration.

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