SEOUL Oct 30 South Korea's central bank cut
interest rates in a 6-1 vote at its meeting early this month,
with most of the board members expressing concern about the
enlarged risks to economic growth, minutes released on Tuesday
Lim Seung-tae was the only member to vote to keep the rates
unchanged at the Oct. 11 meeting, citing the need to reserve
policy room for a more dire situation.
The Bank of Korea cut the policy rate by 25
basis points to 2.75 percent at the meeting. That marked its
second rate cut this year and matched the market's expectations.
(Reporting by Christine Kim; Editing by Choonsik Yoo and Ron