South Korea makes 1st back-to-back rate cuts since 2009
South Korea unexpectedly cuts rates by 25 basis points — first back-to-back cuts since 2009
This also marked the first time the BOK has enacted two back-to-back cuts since 2009. It had cut rates by 25 bps in its last meeting in October. The Kospi stock index was up 0.18%, while the South Korean fell 0.37% to trade at 1,393.82 against the U.S. dollar.
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