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Bank of Korea leaves key rate at 3.25 percent
South Korean central bank leaves key rate at 3.25 percent amid global economic uncertainty
By The Associated Press

SEOUL, South Korea (AP) ' South Korea's central bank froze its benchmark interest rate for a third month as global economic uncertainty outweighed concerns over accelerating inflation.

The Bank of Korea said Thursday it kept its base rate at 3.25 percent at a monthly policy meeting.

The BOK has raised the key borrowing cost five times since July of last year from a record low of 2 percent.



South Korea's consumer price index rose to a three-year high of 5.3 percent in August from the same month last year after gaining 4.7 percent in July.

Inflation in Asia's fourth-largest economy has exceeded 4 percent for eight months.

The rate decision came amid global economic worries centered on continued high U.S. unemployment and sovereign debt troubles in Europe.


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