The Bank of Korea has cut the benchmark interest rate by 0.25 percentage points to 2.75% per annum.

The Bank of Korea’s Monetary Policy Committee has reduced the benchmark interest rate, currently at 3%, by 0.25 percentage points.

Following two reductions of 0.5 percentage points each in October and November last year, the Bank of Korea has implemented its first interest rate cut this year, bringing the benchmark rate down to 2.75%.

This rate cut is interpreted as a decision reflecting the need for economic stimulation, such as boosting domestic demand, amid a worsening global trade environment due to the tariff policies of the Trump administration’s second term.