South Korea's central bank lowered its key interest rate as economic growth is set to fall below projection owing to the continued US-China trade disputes and escalating geopolitical risks.The Monetary Policy Board of the Bank of Korea on Wednesday decided to cut the base rate by 25 basis points to 1.25 percent. The rate matched the record low seen during 2017.The bank had earlier reduced its rate...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.