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flag The Bank of Korea is set to cut interest rates to boost South Korea’s faltering economy.

flag The Bank of Korea (BOK) is expected to cut its policy rate by 0.25 percentage points next week to support South Korea's struggling economy, according to a poll by Yonhap Infomax. flag This move follows weak domestic demand and a potential drop in the country's yearly growth rate below its 2% potential. flag The BOK is set to present a revised growth forecast on Tuesday, which may lower the expected growth rate to around 1.6% from the previous 1.9%. flag Business sentiment in the country has also reached its lowest point in over four years.

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