Several members of the Bank of Korea's (BOK's) monetary policy board have voiced concerns over the country's slowing economic growth, minutes of the board's latest meeting released on Sep 17 showed, possibly hinting at an additional rate cut in the offing. In its rate-setting meeting, held Aug. 30, the seven-member monetary policy board voted 5-2 to keep the policy rate frozen at 1.5 percent. According to the minutes, one board member called for an immediate rate reduction to help boost domestic consumption.

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