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2024

Roundup: S. Korea freezes policy rate at 3.5 pct for 13th time

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SEOUL, Aug. 22 (Xinhua) -- South Korea's central bank on Thursday froze its policy rate for the 13th successive time amid lingering uncertainty over massive household debt and higher headline 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 with market expectations. Acc