MNI BRIEF: Bank of Korea Cuts Policy Rate To 2.75%: Press

The Bank of Korea on Tuesday decided to lower its policy interest rate 25 basis points to 2.75% to support fragile the economy hit by domestic political turmoil and U.S. tariffs, Yonhap News Agency reported.

While the decision was widely expeted, the bank noted it would monitor the impact on the won. (See MNI BOK WATCH: Board To Ease Base Rate To 2.75%)

The next meeting is scheduled for April 17.