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Bank of Korea trims interest rates after holding for almost two years

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Summary
Nutrition label

79% Informative

South Korea's central bank has cut its benchmark interest rate by 25 basis points to 3.25% , the first rate cut from the BOK since the Federal Reserve started tightening its monetary policy in March 2022 .

This was in line with a poll of economists from Reuters , who forecasted a rate cut.

The move comes after South Korean inflation rate touched its lowest level in over three years .

VR Score

90

Informative language

96

Neutral language

70

Article tone

formal

Language

English

Language complexity

41

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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no external sources

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