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South Korea lowers interest rates over Trump fears

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Bank of Korea governor Rhee Chang-yong said downside economic risks were growing

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The Bank of Korea on Thursday cut interest rates unexpectedly in a rare back-to-back move reflecting concern over the impact of Donald Trump’s second presidency on Asia’s fourth-largest economy.

The BoK lowered the benchmark rate by a quarter-point to 3 per cent amid falling inflation and slowing growth. The move came…

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