Korea's deputy PM calls for rate cut

Korea's Deputy Prime Minister for Finance and Economy Lee Hun-jai is reported to have urged the Bank of Korea to cut interest rates two days before the central bank is due to meet.

The Deputy Prime Minister said in an interview on Tuesday 7 December with US economic news agency Bloomberg that the Korean economy was facing numerous challenges and it was important for the government and monetary authorities to employ more accommodating policies.

Lee told Bloomberg that the won has been appreciating

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