Korea c.bank says holding rates for now

Korea may cut interest rates to ward off a sharp economic downturn but only if prices remain under control, Bank of Korea Governor Chon Chol-hwan said on Thursday.

The central bank's monetary policy committee, meeting on Thursday, decided to keep its target for the key overnight call rate unchanged at 5.25% in December, citing uncertainty in the economy.

But Chon told a news conference after the meeting that the central bank would consider cutting the call rate when worries about inflation disa

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