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Bank of Korea holds rates as expected after back-to-back hikes
SEOUL: The Bank of Korea left its benchmark interest rate unchanged at 3.00% on Thursday, pausing after back-to-back quarter-point hikes in July and August. The seven-member monetary policy board at the BOK voted to keep the seven-day repurchase rate at 3.00%, a decision that was forecast by all 34 analysts surveyed by Reuters. South Korean shares fall nearly 3% as AI concerns hit chipmakers Governor Shin Hyun Song will hold a news conference at 0210 GMT.
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