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Bank of Korea cuts rates to lowest since August 2022 to boost sluggish growth

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Summary
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84% Informative

The Bank of Korea cut rates to 2.75% from 3% , hitting its lowest since August 2022 .

This was the third rate cut in four meetings, and in line with with expectations from economists polled by Reuters .

Decision comes as South Korea continues to grapple with political uncertainty over the impeachment trial of President Yoon Suk Yeol .

VR Score

90

Informative language

96

Neutral language

11

Article tone

formal

Language

English

Language complexity

50

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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