SEOUL: South Korea's central bank kept interest rates unchanged for a 13th straight meeting on Thursday, as policymakers prioritised the need to keep stubborn inflation in check even as the case for rate cuts later this year grows. The Bank of Korea held its benchmark interest rate at 3.50 per cent at its monetary policy review, as expected by 38 out of 40 economists surveyed by Reuters. The BOK also downgraded forecasts for both growth and inflation this year. It cut 2024 growth forecast to 2.

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