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South Korea's Central Bank Holds Rate Steady
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Aid, Rate Pause, and Economic Recovery
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South Korea's central bank maintains its policy rate, Bank of Korea, at 3.50% as anticipated, focusing on managing inflation and supporting economic recovery. The country also pledges $3 million in aid to Japan for quake relief. The OECD urges Japan's central bank to gradually raise short-term interest rates and make its bond yield control policy more flexible.
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How might South Korea's aid to Japan for quake relief affect diplomatic relations and economic cooperation between the two countries?
How might the Bank of Korea's decision to maintain its policy rate impact South Korea's economy and inflation?
What factors could influence Japan's central bank's decision to gradually raise interest rates and make its bond yield control policy more flexible?
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