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Bank of Korea, 0% Growth Cliff, Interest Rate Cut to Stimulate Economy… Household Debt Is the Fuse
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The Bank of Korea's decision to lower the base rate on the 29th was due to a steeper-than-expected growth rate, the lowest since the Korean War, and the exchange rate stabilizing below 1,400 won... Financial authorities are expected to manage soundness. Reporters Shin Ho-kyung, Han Ji-hoon, and Min Seon-hee = The Bank of Korea's decision to lower the base rate on the 29th was due to a steeper-than-expected growth rate.
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