MNI BRIEF: Bank of Korea Cuts Policy Rate To 2.50%: Press

The Bank of Korea on Thursday decided to lower the base rate 25 basis points to 2.50% on the back of growing concern over slower economy caused by weak domestic demand and exports, driven by U.S. trade policy, Yonhap News Agency reported.

The focus has shifted to how Governor Rhee Chang-yong refers to the outlook for further rate cuts at a news conference later today. 

The next BOK meeting is scheduled for July 10 following the conclusion of the 90-day tariff reprieve announced by U.S. President Donald Trump.