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Bank of Korea leaves key interest rate unchanged

Bank of Korea leaves key interest rate unchanged

SEOUL: South Korea’s central bank left its key interest rate unchanged for a seventh month yesterday, even as it cited a weakening recovery in cutting its 2017 growth forecast.

The Bank of Korea said exports are likely to improve but noted slowing economic growth in the fourth quarter of last year. The bank kept the seven-day repurchase rate at a record-low 1.25 per cent.