Bank of Korea: growth likely to miss expectations

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Bank of Korea sees economic growth missing expectations and price pressures, as represented by the consumer price index (CPI) to move around 1 percent for a while and in mid 1 percent from the second half of this year. 

The central bank left benchmark interest rates steady earlier today, reinforcing the consensus that rates will remain at the current level for some time, courtesy of worsening trade conditions. 

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