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

"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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