Roundup: S. Korea lowers policy rate by 25 bps after U.S. rate cut, slower inflation

SEOUL, Oct. 11 (Xinhua) -- South Korea's central bank on Friday lowered its policy rate by 25 basis points following interest rate cut in the United States and slower inflation at home.

Bank of Korea (BOK) Governor Rhee Chang-yong and other monetary policymakers decided to slash the benchmark seven-day repurchase rate by a quarter percentage point to 3.25 percent.

It marked the BOK's first rate cut in nea