South Korea Government Adds Pressure on BOK to Cut Interest Rate

South Korea Government Adds Pressure on BOK to Cut Interest Rate

Jean Chung/Bloomberg

Pedestrians walk in front of the Bank of Korea headquarters in Seoul. The Bank of Korea will cut its seven-day repurchase rate to 2.5 percent or 2.25 percent in the second quarter, according to nine out of 23 economists surveyed by Bloomberg.