South Korea's Monetary Policy Update

SEOUL (Reuters) – South Korea's monetary policy board members indicated the necessity for a prompt and preemptive response to an ailing economy. This decision came as they opted to lower interest rates for the second consecutive meeting on November 28, based on minutes released on Tuesday.

In the previous month, the Bank of Korea executed its first pair of rate cuts since 2009 and hinted at potential further reductions due to faltering economic growth. Policymakers are also cautious of trade risks associated with a possible second Donald Trump presidency.