Bank of Korea cuts key rate as growth expectations wane

SEOUL -- South Korea's central bank cut its key policy rate 25 basis points to 2.50% on Thursday as it seeks to boost flagging growth. 

Last month, at the previous rate-setting meeting, the Bank of Korea held the rate steady at 2.75%, flagging uncertainty "due to changes in U.S. tariff policies," and "the high volatility of exchange rates and the trend of household loans."