South Korea’s central bank has lowered its key policy rate and says the country’s economy will grow at a slower pace than it initially anticipated

South Korea's central bank delivered a surprise interest rate cut on Thursday and signaled more to come, as economic growth faltered and policymakers turned a wary eye to trade risks from a second Donald Trump presidency.

South Korea’s central bank unexpectedly cut its policy rate for a second straight time and lowered its growth forecasts as it looks to step up support for the sagging, trade-dependent economy as tariff risks loom large in the wake of the U.