Economic experts have been split over whether the Bank of Korea (BOK) will lower its key rate further, following a 25 basis points cut by the U.S. Federal Reserve, Oct. 30 (local time). Some say the U.S. rate cut reduced the fear of foreign capital outflow from Asia’s fourth-largest economy, thereby giving the BOK more room to maneuver amid declining exports and weakening consumption over the past few months.


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