Bank of Korea holds key rate steady again amid signs of easing inflation, weaker growth
2023-07-13 - Scroll down for original article
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South Korea’s central bank has held its policy rate steady for a fourth consecutive time amid signs that inflation is easing and growth is weakening. 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.