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South Korea cbank s Koh said interest rates should be raised to curb debt growth Toggle share menu
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South Korea cbank s Koh said interest rates should be raised to curb debt growth A Bank of Korea board member said benchmark interest rates need to be raised as addressing financial imbalances is a priority over supporting economic growth, minutes of a July 15 board meeting showed on Tuesday.
FILE PHOTO: A man gets on a bicycle in front of the Bank of Korea in Seoul August 9, 2012. REUTERS/Kim Hong-Ji/File Photo/File Photo
03 Aug 2021 03:25PM Share this content
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SEOUL: A Bank of Korea board member said benchmark interest rates need to be raised as addressing financial imbalances is a priority over supporting economic growth, minutes of a July 15 board meeting showed on Tuesday.