BOK’s Rhee Signals More Rate Cuts as Trump’s Tariffs Take Shape

Bank of Korea Governor Rhee Chang-yong signaled more policy easing to come this year as the central bank cut its benchmark interest rate to support an economy jolted by political turmoil and threatened by Donald Trump’s tariff plans.

In a press conference Tuesday after the board unanimously decided on a quarter-percentage point cut to 2.75%, Rhee said market expectations of two to three cuts this year were in line with views at the BOK, his first indication of the long-term outlook for the latest easing cycle.