Sep
10

Bank of Korea Holds Rate at Record Low, Weighs Fed and China

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The Bank of Korea kept its key interest rate unchanged for a third month as it gauges uncertainties for the economy from China’s slowdown and a possible policy shift by the Federal Reserve.

The decision to hold the seven-day repurchase rate at a record low 1.5 percent was forecast by 16 of 18 economists surveyed by Bloomberg. The others saw a cut to 1.25 percent…

Bank of Korea Holds Rate at Record Low, Weighs Fed and China

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