The Central Bank of South Korea has lowered the benchmark interest rate to 0.25 percent. This decision was made in connection with the need to stimulate the economy of the country in conditions of uncertainty and difficulties caused by the pandemic. According to the bank's statement, such a reduction in rates will help ease the pressure on the financial system and facilitate the recovery of the economy. "We made this decision, considering the current state of the national and global economy, caused by the COVID-19 pandemic," noted the representative of the central bank. The new benchmark rate after the reduction is...
