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2024

Roundup: S. Korea freezes policy rate at 3.5 pct for 12th time

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SEOUL, July 11 (Xinhua) -- South Korea's central bank on Thursday froze its policy rate for the 12th successive time amid lingering uncertainty over massive household debt and the weak domestic currency that offset lower inflation.

Bank of Korea (BOK) Governor Rhee Chang-yong and other monetary policymakers decided to leave the benchmark seven-day repurchase rate unchanged at 3.50 percent.

It was in line