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SEOUL, Sept 15 (Reuters) – The Bank of Korea’s decision to carry out back-to-back interest rate hikes in August was a more contentious affair than the headline vote suggested, meeting minutes released on Tuesday showed, signaling divisions that could slow the future tightening pace.
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The BOK on August 27 raised its benchmark interest rate by a quarter percentage point to 3.00%, delivering a second straight increase as inflation stays above target and financial stability risks persist.
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(Reporting by Cynthia Kim)
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