US Dollar Gains as Iran Tensions, Fed Rate Hike Bets Rise 
Japan Economy Minister Downplays Inflation Risks Despite BOJ Warning 
China Inflation Cools in July as CPI Misses Forecast, PPI Deflation Eases 
RBI Holds Repo Rate at 5.25% as Inflation Risks and Global Uncertainty Persist 
Australia Inflation Cools as Core CPI Misses Forecasts, Easing RBA Rate Hike Pressure 
Oil Prices Rise as Hormuz Reopening Remains Uncertain 
South Korean Won Leads Asian FX Losses as Dollar Rises 
Gold Prices Hold Near Seven-Week High as Markets Await U.S. Inflation Data 
Philippine GDP Growth Slows to 2.3% in Q2 
Iran-Oman Near Strait of Hormuz Deal as Shipping Tensions Persist 
Oil Prices Set for Steep Weekly Losses as Hormuz Deal Stalls 
RBA Signals More Rate Hikes Possible as Australia Battles Stubborn Inflation 
Asian Stocks Mixed as Chip Selloff Hits KOSPI, Nikkei Ahead of US Jobs Data 
The Bank of Korea (BOK) lowered its benchmark interest rate by 25 basis points to 2.75% on Tuesday, marking the third rate cut in the current easing cycle. The move comes as policymakers shift focus to economic growth amid lingering uncertainties.
The decision, widely expected by economists, reflects the central bank’s efforts to support the slowing economy while balancing inflationary pressures. A Reuters poll of 36 economists found that all but one had predicted the rate cut.
BOK Governor Rhee Chang-yong is set to address the decision in a livestreamed news conference at 0210 GMT via YouTube. Investors and analysts will closely watch his remarks for insights into future monetary policy moves and economic forecasts.
With global economic uncertainty and domestic growth concerns mounting, the central bank's latest rate adjustment aligns with broader efforts to maintain financial stability. Market participants anticipate further guidance on the trajectory of interest rates in the coming months.
