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Asia Flash | 09 May 2013: BoK surprises with rate cut; China inflation remains subdued; Fitch flags risks for Indian banks

Published on Thursday, May 9, 2013

Asia Flash | 09 May 2013: BoK surprises with rate cut; China inflation remains subdued; Fitch flags risks for Indian banks

Against market expectations, the Bank of Korea cut interest rates today, becoming the latest central bank in the region to ease policy amidst lagging growth and weak external demand.

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