BOK board member Chang said property market risks need further checks, minutes show
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SEOUL : A voting Bank of Korea board member, Chang Yong-sung, who dissented in its decision to cut interest rates on Oct. 11, said any rate reduction should be delayed to prevent further spikes in property prices, minutes from the bank's meeting showed.The BOK voted 6-1 to cut policy interest rates to 3.25 per cent earlier this month as uncertainties regarding the future path of output increased while headline inflation in September undershot the bank's 2 per cent target. "Sharp property price
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