Bank of South Korea cuts key interest rate by 50 bps to 0.75%

South Korea joins in on the central bank chorus today.

Officials held a extremely swift emergency meeting and decided to join in on the chorus today, where we have seen the RBNZ cut by 75 bps and the Fed by 100 bps earlier.

Expect more central banks around the globe to follow suit over the next few weeks.

 Trader Georgi Bozhidarov

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