South Korea cuts policy interest rates as expected
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The logo of the Bank of Korea is seen on the top of its building in Seoul, South Korea, July 14, 2016. REUTERS/Kim Hong-Ji/File Photo
SEOUL (Reuters) -South Korea's central bank cut interest rates for a fourth time in the current easing cycle on Thursday as Washington's attempts to reorder global trade fanned downside risks for economic growth and inflation.
The Bank of Korea's seven-member board voted to cut its benchmark interest rate to 2.50% at its monetary policy review, an outcome expected by all 36 economists polled by Reuters.
Governor Rhee Chang-yong will hold a news conference at around 0210 GMT, which will be live-streamed via YouTube.
(Reporting by Cynthia Kim; Editing by Sam Holmes and Christian Schmollinger)
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