# The Bank of Korea surprised the market with a 25bp cut today | snaps | ING THINK

> The Bank of Korea cut its policy rate by 25 basis points to 3.0% from 3.25%, a move that was lower than expected. The bank also cut its 2024 and 2025 GDP and CPI forecasts, and ING expects the next move in February 2025.

- Date: 2024-11-28 · published 2024-11-28T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/27671-the-bank-of-korea-surprised-the-market-with-a-25bp-cut-today-snaps-ing-think
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

The surprise easing signals weaker domestic growth and demand, while the cut adds pressure on the won and raises the cost of dollar-priced feed imports.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- think.ing.com: https://think.ing.com/snaps/the-bank-of-korea-surprised-market-with-a-25-bp-cut-today/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.