SEOUL :South Korea's central bank cut policy interest rates for the first time in four and a half years, making a shift away from quashing inflation, currently below its 2 per cent target, to focus on reviving growth. The Bank of Korea (BOK) lowered its benchmark interest rate by a quarter percentage point to 3.25 per cent at its monetary policy review, an outcome expected by 34 of 37 economists polled by Reuters. Gross domestic product contracted in the second quarter, private consumption is

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