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More To Come After S. Korea's Record Rate Cut<100018689>
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More To Come After S. Korea's Record Rate Cut

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After an unscheduled emergency meeting Monday morning, Seoul鈥檚 central bank lowered the country鈥檚 base rate to 4.25%. The 75 basis point cut, the biggest yet by the Bank of Korea, is its second in a month, following a quarter-point reduction Oct. 9, as the government strives to keep the economy from sliding into recession.

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