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Wednesday, March 10, 2010

S. KOREA: BOK Keeps Interest Rate At Record Low

03.10.10, 10:18 PM EST

By KELLY OLSEN, Associated Press 

SEOUL, South Korea -- South Korea's central bank left its key interest rate at a record low Thursday amid international sovereign debt concerns and as the institution prepares for a leadership change.

The Bank of Korea said it kept the benchmark seven-day repurchase rate at 2 percent. The decision came at the last monetary policy meeting chaired by outgoing Gov. Lee Seong-tae.

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