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Bank of Korea leaves rates unchanged at 3% in a surprise move

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Summary
Nutrition label

76% Informative

South Korea's central bank Thursday held its benchmark policy rate at 3% in a surprise move.

The move comes amid political turmoil in the country, with impeached President Yoon Suk Yeol being arrested.

Economists polled by Reuters had estimated a 25 -basis-point cut.

The South Korean won strengthened about 0.3% to trade at 1,450.27 .

VR Score

88

Informative language

96

Neutral language

31

Article tone

formal

Language

English

Language complexity

55

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

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