South Korea cuts key interest rate for third time in less than a month

The Bank of Korea announced a change in the base interest rate from 4.25% to 5.25%. However, a decision was made to lower the rate by 0.25 percentage points to 4% to manage monetary policy. The economic outlook suggests a potential decline in export growth and a rapid decrease in the country's economic growth rate.

What was the new base interest rate set by the Bank of Korea?

• 4.75%

• 3.75%

• 5.25%

• 4.25%

By how much did the Monetary Policy Committee decide to lower the base interest rate?

• 0.50 percentage points

• 1.00 percentage points

• 0.75 percentage points

• 0.25 percentage points

What is the new base interest rate after the Monetary Policy Committee's decision?

• 4.00%

• 4.50%

• 3.50%

• 5.00%

What economic trend is expected to affect South Korea's growth rate?

• Stability in inflation rates

• Decrease in export growth

• Rise in foreign investments

• Increase in domestic consumption

What is the potential impact on South Korea's economic growth rate?

• It will fluctuate unpredictably

• It will remain stable

• It will increase rapidly

• It will decline rapidly