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MNI BOK WATCH: Board To Cut Rate 25bp To Support Economy

The BOK board will meet Thursday.
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MNI (TOKYO) - The Bank of Korea monetary policy board is expected to lower its policy rate 25 basis points to 2.75% on Thursday to support the country's fragile economy, observers told MNI.

“Domestic demand, particularly consumption, is weak," said an expert familiar with South Korea's economy and monetary policy, noting the Bank will choose to support the economy over concerns around the weaker won. 

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MNI (TOKYO) - The Bank of Korea monetary policy board is expected to lower its policy rate 25 basis points to 2.75% on Thursday to support the country's fragile economy, observers told MNI.

“Domestic demand, particularly consumption, is weak," said an expert familiar with South Korea's economy and monetary policy, noting the Bank will choose to support the economy over concerns around the weaker won. 

Keep reading...Show less