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BOK makes surprise rate cut for 2nd session, slashes 2025 growth outlook to 1.9%

BOK makes surprise rate cut for 2nd session, slashes 2025 growth outlook to 1.9%

Korea's central bank slashed its benchmark interest rate for a second consecutive session Thursday in a clear indication of its policy focus on reviving economic growth momentum amid slowing exports and uncertainties stemming from the new Donald Trump administration.
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