Bank of Korea Cuts Key Interest Rate as Risks to Economy Grow
Published on: Wednesday 17 July 2019
(Bloomberg) -- The Bank of Korea unexpectedly cut its benchmark interest rate as it slashed economic growth and inflation forecasts, joining a growing number of central banks acting to shore up their economies.The BOK cut the seven-day repurchase rate to 1.5% from 1.75%. It now expects the economy to
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