South Korea unexpectedly reduces benchmark lending rates — first back-to-back cuts since 2009 November 28, 2024 This surprised economists polled by Reuters, which expected the BOK to hold rates. Source: CNBC Updated: November 28, 2024 at 4:44 am ◀ Painting of Māori elder sells for £1.7m and becomes most valuable artwork in New Zealand history South Korea’s central bank cuts a key rate to nurse a slower economy ▶