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S. Korean central bank holds rates at 2.75% for 5th consecutive month

AFP
March 15, 2013, 1:06 pm TWN

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SEOUL -- South Korea's central bank kept its benchmark interest rate unchanged for a fifth straight month Thursday, despite concerns over whether growth in Asia's fourth-largest economy is back on track.

The Bank of Korea's decision to leave the interbank lending rate at 2.75 percent — after two cuts in July and October last year — was in line with most analysts' expectations.

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