Examining real estate and infrastructure
In addition to cutting the rate to 0.1%, the central bank said it was relaunching its monetary stimulus program
Analyzing low rates as Covid-19 spreads
The proactive measure shaves off 50 basis points
The cut to 0.75% follows last week's decision to reduce the interest rate by 50 basis points
With Covid-19 leading to rate cuts, concerns about consumer borrowing may ease for now
The central bank’s key target rate is currently at its lowest level since early 2018
The rate cut will make borrowing cheaper, raising concerns about overheated housing markets
The central bank said it may further adjust its key rate if the situation calls for it
It's the first time the central bank has cut its key rate between policy meetings since the 2008 financial crisis