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>SEOUL - The Bank of Korea on Monday chopped its special rate for lending to small- and medium-sized companies by 75 basis points, shortly after it cut its benchmark policy rate by the same amount, a central bank official said.
Following an emergency monetary policy meeting, the central bank official said the special loan rate would come down to 2.5 percent from the previous 3.25 percent.
(Reporting by Cheon Jong-woo and Kim Yeon-hee; Editing by Keiron Henderson)
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