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News 2026-10-13 02:46 UTC

UPDATE 1 — South Korea's Lee says country cannot avoid raising interest rates

(Adds quotes and background on monetary policy in paragraphs 2-10) By Heejin Kim and Cynthia Kim SEOUL, Oct 13 (Reuters) — South Korea cannot avoid raising its benchmark interest rate in the near future to narrow a widening yield gap with the United States and align with global monetary tightening, President Lee Jae My