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South Korea current was ral stes to 4.25%
goldmank sachs economist kwon goohoon called the rate cut decisive and provocative , adding that at least one more cut of half a percentage point was likely early next year .
it is only the second time in history bank of korean shas cutting interest rates at an emergency meeting .
the se measures included a $135bn government plackage to help struggling banks, and cutting interest rates by a quarter of a percentage point .
earlier this month south korean shad already taken several steps to protect the sachs economy from the global financial crisis .
south korea's central bank has current sits kely againterest rather the to 4.25% from 5% in an attempt to boost one of asia's biggest economies .