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Monday, November 15, 2010

South Korea » South Korea Raises Rate for Second Time This Year

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South Korea Raises Rate for Second Time This Year

Nov-15-2010-- The Bank of Korea increased interest rates for the second time this year, and dropped a reference to keeping borrowing costs “accommodative,” after inflation surged past the central bank's ceiling.
Asian Stocks Lower After South Korean Rate Hike S.Korea raises key interest rate to 2.5 percent
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