On-point: Why Thursday's rate cut by BOK was much needed

So the Bank of Korea went for a rate cut in the last monetary policy meeting of the first half of 2025, which many experts say was a much-needed decision by the central bank.

Let's turn to Professor Park Min-jung for details.

It's good to have you with us.

1. The rate cut this morning was widely expected, wasn't it?

2. Is that why the BOK slashed the country's growth outlook to _____?

3. Tariff negotiations with the U.S. will resume next month under the new South Korean government.

4. Didn't the recent strengthening of the Korean won play a significant role in today's rate cut?

5. And all eyes are on what the year-end interest rate will look like.

Thanks so much for your time and your insight.