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South Korea cuts interest rates to 2.75% amid economic slowdown and global uncertainties.
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.
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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Corea del Sur reduce los tipos de interés al 2,75% en medio de la desaceleración económica y las incertidumbres globales.