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Bank of Korea cuts benchmark lending rate by 25 basis points

Reuters on MSN · 1h

South Korea's central bank unexpectedly cuts rates by 25 bps

South Korea's central bank cut policy interest rates for a second straight meeting in a surprise move as the economy stalled and inflation slowed more rapidly than policymakers predicted. The Bank of Korea (BOK) lowered its benchmark interest rate by a quarter percentage point to 3.

Nikkei Asia · 20m

South Korean central bank surprises with rate cut

BUSAN, South Korea -- South Korea's central bank surprised observers by cutting the key rate for a second consecutive meeting on Thursday, amid projections of slow growth for Asia's fourth-largest economy.

The Wall Street Journal on MSN · 1h

Bank of Korea Surprises With Back-to-Back Rate Cut, Lowers Growth Forecasts

South Korea’s central bank unexpectedly cut its policy rate for a second straight time and lowered its growth forecasts for the country as it looks to step up support for the sagging economy.

Reuters on MSN · 52m

Bank of Korea unexpectedly cuts rates for second straight meeting

South Korea's central bank unexpectedly cut interest rates by 25 basis points to 3.00% on Thursday, delivering its first back-to-back cuts since the global financial crisis of 2008-2009. MARKET REACTION: South Korea's policy-sensitive three-year treasury bond futures rose as much as 0.

Russian central bank intervenes

Russian central bank intervenes as rouble tumbles past 110 to the dollar

The Russian rouble weakened further against the U.S. dollar and China's yuan on Wednesday and is down by over 24% since early August, when it started the current slide.

Ukrainska Pravda on MSN · 12h

Russian rouble may reach 115-120 per US dollar by year-end – Reuters

The Russian rouble has fallen by over 24% since early August and is likely to continue weakening. Source: Reuters, citing economic analysts Details: The key driver of the rouble’s depreciation is significant capital outflow from Russia's stock market,

New Hampshire Union Leader · 13h

Russian rouble at 110 to dollar, down by one quarter since early August

MOSCOW - The Russian rouble weakened beyond the 110 mark to the U.S. dollar on Wednesday, a threshold that some analysts believe could prompt authorities to take action to support

4h

Trump's policies may pose medium-term risk to inflation, New Zealand central bank official says

A top New Zealand central banker said on Thursday that U.S. President-elect Donald Trump's economic policies could pose a ...

3h

Australia’s Central Bank Overhaul Revived in Last Minute Talks

Australia’s plans to overhaul the Reserve Bank, including splitting the current board in two, may be back on the agenda after ...

7d

The impact of central bank digital currencies on traditional banking: A crypto perspective

Central bank digital currencies (CBDCs) could change the face of traditional banking and challenge cryptocurrencies.

11hon MSN

Mozambique central bank cuts key rate for sixth time in 2024

Mozambique's central bank cut its main interest rate by 75 basis points on Wednesday, the sixth cut in a row, as inflation ...

10h

Forint Slides as Hungary Central Bank Succession Unnerves Market

The Hungarian forint slid to a fresh two-year low as investors nervously awaited Prime Minister Viktor Orban’s choice of the ...

Wall Street Journal on MSN3d

China Central Bank Keeps Key Policy Rate Steady

China’s central bank kept a key policy rate steady in November and drained billions in liquidity from the financial ...

7don MSN

European Central Bank warns that concentration in highly-valued U.S. tech stocks poses financial stability risk

High equity valuations and investors’ concentration in big U.S. tech stocks are among the main risks to financial stability, ...

1don MSN

New Zealand’s Central Bank Slashes Rates Again to Revive Stalled Economy

SYDNEY—The Reserve Bank of New Zealand has continued to slash interest rates, extending its campaign to restore momentum to ...

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