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BoK to cut again, Sri Lanka on slow road to recovery

Minutes from the Bank of Korea’s (BoK) November rate meeting reveal that while only one of the seven members of its Monetary Policy Board voted for a cut, other members also struck a dovish tone. We expect interest rates to be cut early next year. Meanwhile, stronger-than-expected third quarter GDP figures (released on Wednesday) show that although growth in Sri Lanka remains weak, the worst is now probably over for the economy.

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