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Bank of Korea holds key rate at record low, cuts growth forecast

Friday, July 15, 2016 - 05:50

"The cut in this year's growth forecast reflected risks from the UK exiting the European Union and the hit to consumption expected from the implementation of an anti-corruption law. " - BOK governor Lee Ju Yeol


SOUTH Korea's central bank held its benchmark interest rate at a record low on Thursday while cutting its projection for growth and inflation amid uncertainty in the economic outlook.

The seven-day repurchase rate was left unchanged at a record low 1.25 per cent, as forecast

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