South Korea's central bank, the BOK, is likely to lower its interest rates! This is like making borrowing money cheaper. They want to help the South Korean economy grow faster. The economy wasn't doing so well recently, and lower rates might help businesses and people spend more money.
- The BOK might lower interest rates by 0.25 percentage points.
- This could help the South Korean economy grow.
- Lower interest rates can make it easier for businesses to borrow money and expand.
| Fact | Number/Prediction |
|---|---|
| Current interest rate | 3% |
| Predicted interest rate after cut | 2.75% |
| Further predicted cuts this year | Possibly more, bringing rate to 2.25% |
