South Korea holds rates, reveals hawkish split within board
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The Bank of Korea kept its benchmark interest rate unchanged on Thursday, while a hawkish split within its seven-member board signaled an imminent turn toward a more restrictive policy stance to curb inflation and support a slumping won. Five of the seven members on the central bank's monetary policy board voted to keep its benchmark interest rate unchanged at 2.50%, while two dissenters voted for a hike. The decision to hold was expected by 30 of 32 economists polled by Reuters. The two
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