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Bank of Korea maintains interest rate at 2.50%, revises growth forecast to 0.9% for 2025.
South Korea's central bank, the Bank of Korea, has kept its benchmark interest rate at 2.50%, citing concerns about housing prices and household debt.
The bank revised its 2025 growth forecast to 0.9%, up from 0.8%, due to a supplementary budget plan that includes cash handouts to boost consumer demand.
The forecast is higher than the IMF's estimate but lower than the OECD's outlook.
Despite the modest growth revision, most analysts predict further rate cuts to support economic recovery amid uncertainties like US tariffs and trade negotiations.
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El Banco de Corea mantiene la tasa de interés en 2,50%, revisa el pronóstico de crecimiento al 0,9% para 2025.