South Korea unexpectedly reduced its benchmark interest rate by 25 basis points in an effort to stimulate the economy amidst growth concerns, marking the first time the Bank of Korea has implemented consecutive cuts since 2009. This decision followed a lower-than-expected third-quarter GDP reading and a downward revision of GDP forecasts for 2024 and 2025, demonstrating the central bank’s response to deteriorating growth prospects. Morgan Stanley’s chief economist for Korea and Taiwan highlighted the significance of the rate cut in light of slowing exports and the overall challenging economic environment.
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Andy Donato cartoon, March 16, 2025
Andy Donato's cartoon from March 16, 2025, is featured in the article. The video associated with the cartoon failed to load, but viewers can access other videos from the team by refreshing their browser or clicking a provided link. The article encourages readers to engage with the content through the cartoon and related videos. Full Article
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