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Bank Of Korea Holds Rate Amid Trade Uncertainty, Won Volatility

The Bank of Korea kept its interest rate unchanged on Thursday as uncertainty about future growth increased due to the changes in the US trade policies and the implementation of government stimulus measures, while the currency showed a high volatility over a short period of time.

The monetary policy board, governed by Rhee Chang Yong, decided to maintain the Base Rate at 2.75 percent, as widely expected.

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by Renju Jaya

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