Loading...
Market
Bank of Korea's interest rate decision for Q2 2025?
3
Resolution / Starting Odds
Rate Cut • 25%
Rate Increase • 25%
Rate Unchanged • 25%
Other • 25%
Official announcements from the Bank of Korea or reputable financial news outlets
Story
Bank of Korea Makes First Back-to-Back Rate Cut in 15 Years, Lowers Rate by 25bps to 3% Amid Trump's Re-election
Nov 28, 2024, 01:47 AM
South Korea's central bank, the Bank of Korea, unexpectedly cut its benchmark interest rate by 25 basis points to 3.00% from 3.25%, bringing the rate to its lowest since October 2022. This surprise move marks the first back-to-back rate cut in 15 years, reflecting growing concerns over economic slowdown and the impact of Donald Trump's re-election on Asia's fourth-largest economy. The decision surprised markets, which had anticipated the rate to remain unchanged at 3.25%. The Bank of Korea cited escalating trade uncertainties as a reason for the rate cut and is potentially the first global central bank to cut rates following Trump's victory.
View original story
Similar markets
Rate cut • 25%
Rate increase • 25%
No change • 25%
Other • 25%
Significant intervention • 25%
Moderate intervention • 25%
Minimal intervention • 25%
No intervention • 25%
Increase • 25%
Decrease • 25%
No Change • 25%
Other • 25%
Yes • 50%
No • 50%
Below 0.25% • 25%
0.25% • 25%
0.26% to 0.50% • 25%
Above 0.50% • 25%
Rate Cut • 25%
Rate Hold • 25%
Rate Increase • 25%
No Change Announced • 25%
21% or lower • 25%
21.5% • 25%
22% • 25%
Above 22% • 25%
Rate Cut • 33%
Rate Hold • 33%
Rate Increase • 34%
Decrease • 33%
Increase • 33%
No Change • 34%