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The Bank of Korea is set to consider cutting rates for a second straight month, weighing the need to prop up a deteriorating economy against the risk of signaling panic to markets.
Ten of 16 economists surveyed by Bloomberg News predict Governor Kim Choong Soo will keep the seven-day repurchase rate at 3 percent tomorrow. The rest expect a quarter percentage point cut to 2.75 percent, which would be the first consecutive reduction in more than three years.
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