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South Korea holds growth projection while flagging inflation risk

SEOUL -- The Bank of Korea on Thursday maintained its growth projection at 2.1% for this year, pointing to stubbornly high inflation and household debt as ongoing challenges for Asia's fourth-largest economy.

The central bank also announced that it will keep its key rate steady at 3.5%, marking the ninth consecutive session where it has held the rate. The bank maintained its inflation projection at 2.6%.

Read more on asia.nikkei.com