- BOK cut its policy rate by 0.5 percent.
- BOK forecasts a 0.2 percent on-year contraction in the economy.
- BOK also forecasts the country’s economy to rebound next year by 3.1 percent.
According to a report on The Korea Herald, South Korea’s Bank of Korea (central bank) on Thursday slashed the country’s economic growth outlook for this....
Tags : BANK OF KOREA, ECONOMIC SLUMP, COVID-19, POLICY RATE CUTS,