Bank of Korea Stands Pat; Cuts Growth Forecast

Bank of Korea Stands Pat; Cuts Growth Forecast

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South Korea’s central bank stood pat on interest rates for a third straight policy decision and lowered its economic growth forecast for this year.

The Bank of Korea kept the benchmark seven-day repurchase rate unchanged at 3.50% on Thursday as widely expected, continuing a pause in its rate-increase campaign aimed at fighting inflation.

The…

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