SEOUL (Reuters) - South Korea's central bank cut its benchmark interest rate to a record low on Thursday in its second easing this year, in an effort to shore up the economy wrecked by the coronavirus pandemic.
The Bank of Korea's board voted to cut the base rate
The BOK carried out an emergency 50 basis point cut in March and pledged unlimited liquidity through June via repurchase agreements.
Governor Lee Ju-yeol holds a news conference that will be livestreamed at 0220 GMT where he may announce revised growth and inflation forecasts, as well as additional policy measures such as government bond purchases.