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The Bank of Korea cut it forecast for 2012 economic growth and inflation.
The Bank of Korea now expects the economy to expand 3.0% this year, versus its April forecast for a 3.5% growth.
It also lowered its outlook for next year's growth rate to 3.8%, versus 4.2%. Headline inflation is expected to drop to 2.7% this year.
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Posted In: NewsBank of Korea
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