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Bank of Korea Expected to Stand Pat as Trade Tensions Ease

  • After two rate cuts in 2019, the bank has limited policy room
  • Economists also see South Korean exports recovering in 2020
Aerial Views of Seoul Ahead of GDP Figures
Photographer: SeongJoon Cho/Bloomberg

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South Korea’s central bank is expected to stand pat at this year’s first rate decision on Friday as it pins hopes on a turnaround in exports and increased fiscal spending to support growth.