( ) -v-32- UNDATED (Correspondent Jeremy House) “economic growth falters.” South Korea’s central bank has lowered its key policy rate and says the country’s economy will grow at a slower pace than it initially anticipated. Correspondent Jeremy House reports [CutID: <Cuts> SOKOR-INTEREST-RATE-house-v-THUpm.mp3 Time: 32s Title: SOKOR-INTEREST-RATE-house-v-THUpm Out-cue: ] ——————————— VERBATIM: The Bank of Korea cut […]
Audio
South Korea’s central bank cuts key interest rate
( ) -v-32- UNDATED (Correspondent Jeremy House) “economic growth falters.”
South Korea’s central bank has lowered its key policy rate and says the country’s economy will grow at a slower pace than it initially anticipated. Correspondent Jeremy House reports
[CutID: <Cuts> SOKOR-INTEREST-RATE-house-v-THUpm.mp3
Time: 32s
Title: SOKOR-INTEREST-RATE-house-v-THUpm
Out-cue: ]
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VERBATIM: The Bank of Korea cut its benchmark interest rate by a quarter percentage point to 3% after policymakers met on Thursday. The bank lowered its outlook for the country’s economic growth to 2.2% from 2.4% for this year and to 1.9% from 2.1% for 2025. It was the second straight month that the bank took steps to lower borrowing costs, despite the lingering effects of high inflation and alarming levels of household debt, as economic growth falters…JH reporting.