Tag - while presenting a slower growth of 2.8 percent for the domestic economy this year.

BOK slashes growth outlook, freezes key rate

The Bank of Korea on Tuesday kept the key interest rate unchanged at an all-time low for a 10th consecutive month, while presenting a slower growth of 2.8 percent for the domestic economy this year. BOK Gov. Lee Ju-yeol and six other members of the monetary policy board decided to freeze the seven-day repurchase rate at 1.5 percent, unchanged since June last year, until next review. The central bank also slashed its forecast for gross domestic product growth in 2016 by [...]

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