South Korea central bank cuts interest rates amid growing pressure from Trump's tariff war
Thursday, 29 May 2025 () South Korea's central bank has lowered interest rates to bolster its export-driven economy, responding to pressures from the US tariff war. The Bank of Korea also significantly reduced its annual growth forecast to 0.8 percent, reflecting rising global uncertainties and lower-than-anticipated first-quarter growth. This rate cut brings lending rates to their lowest level since October 2022.
Lee Jae-Myung was officially sworn in as South Korea’s new president after a sweeping snap election victory. In his first address, Lee launched a sharp critique of former U.S. President Donald..
The U.S.-China tariff conflict continues to escalate as China denies any plans for a phone call between President Xi Jinping and President Trump, contradicting White House claims. With trade tensions..
Xi Mingze, Chinese President Xi Jinping’s only daughter, is back in headlines amid US-China tensions. The Harvard-educated Xi reportedly resides in Massachusetts under tight security. Her speculated..
Thursday, 29 May 2025 ()
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