BOK head says long streak of record-low rate not good

SEOUL, Oct. 23 — South Korea's top central banker said Friday it is not desirable for the country's key interest rate to stand at a record low for an extended period of time.

The Bank of Korea (BOK) cut its key interest rate by a total of 3.25 percentage points to an all-time low of 2 percent between October last year and February in an effort to stem a sharp economic freefall. (PNA/Yonhap)

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