Market News
Bank of Korea to cut rates on Jan. 16, may ease just once this quarter amid political turmoil: Reuters poll
BENGALURU, Jan 14 (Reuters) - The Bank of Korea will cut its base rate by a quarter-point on Thursday, a month earlier than previously expected, to support a struggling South Korean economy amid risks from political uncertainty, according to a Reuters poll of economists.
Acting president Choi Sang-mok is facing a delicate task steering Asia's fourth-largest economy amid public anger around efforts to arrest impeached President Yoon Suk Yeol and the government lowering its 2025 growth outlook to 1.8% from 2.2%.
