South Korea cuts policy interest rates as expected
SEOUL, May 29 (Reuters) - South Korea's central bank cut interest rates for a fourth time in the current easing cycle on Thursday as Washington's attempts to reorder global trade fanned downside risks for economic growth and inflation.
The Bank of Korea's seven-member board voted to cut its benchmark interest rate (KROCRT=ECI), opens new tab to 2.50% at its monetary policy review, an outcome expected by all 36 economists polled by Reuters.
Governor Rhee Chang-yong will hold a news conference at around 0210 GMT, which will be live-streamed via YouTube.
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