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South Korea’s central bank lowers rate amid Japan trade row

South Korea’s central bank lowers rate amid Japan trade row

South Korea’s central bank on Thursday cut its policy rate for the first time in three years. The Bank of Korea lowered its key interest rate by a quarter percentage point to 1.50 per cent. The monetary policy committee also cut its growth forecast for the country’s economy this year from 2.5 per cent to just above 2 per cent.

Timothy
Timothy
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