Major foreign investment banks believe that South Korea's central bank would freeze its key interest rate at least until the second quarter of next year because of mounting concerns over external economic uncertainties, data showed Monday. The Bank of Korea (BOK) froze the benchmark rate at 3.25 percent in September for the third straight month as signs of the slowing global economy and eurozone debt crisis outweighed persisting inflation woes.
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All rights reserved to Arab Today Media Group 2021 ©
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