South Korea’s central bank cut rates by 25 basis points Tuesday to 2.75%, the lowest since August 2022, in an effort to boost a slowing economy amidst political uncertainty surrounding President Yoon Suk Yeol’s impeachment trial. The decision marks the third rate cut in four meetings, with the country’s GDP growth in the fourth quarter falling to 1.2% due to weakness in consumption and construction sectors. Despite concerns over household debt, the Bank of Korea is expected to continue easing monetary policy to support the economy and inflation, with limited negative impact on the financial industry and foreign capital flows.
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Opposition leader Nika Gvaramia jailed in Georgia amid deepening crackdown | Politics News
Tblisi court sentences opposition figure Nika Gvaramia to eight months and bans him from holding office for two years.A Georgian court sentenced opposition leader Nika Gvaramia to eight months in prison and barred him from office for two years, amidst rising repression against critics of the ruling Georgian Dream party. The UK and Amnesty International condemned the government's actions, citing concerns over democratic backsliding and the targeting of dissenting voices. Explain It To Me Like...
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