Bank of Korea (BOK) has cut the benchmark interest rates by 25 basis points to 1.25% The South Korean central bank was expected to cut rates to counter recession fears triggered the first-ever drop in consumer prices and the relentless drop in exports. The central bank lowered its key rate in July and left it unchanged in August. The latest move is yet to have any impact on the Korean Won. The USD/KRW pair, currently at 1,185, is barely moving in response to the rate cut announcement. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/IDR technical analysis: 200-day EMA caps immediate rise inside short-term trading range FX Street 4 years Bank of Korea (BOK) has cut the benchmark interest rates by 25 basis points to 1.25% The South Korean central bank was expected to cut rates to counter recession fears triggered the first-ever drop in consumer prices and the relentless drop in exports. The central bank lowered its key rate in July and left it unchanged in August. The latest move is yet to have any impact on the Korean Won. The USD/KRW pair, currently at 1,185, is barely moving in response to the rate cut announcement. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
