These Asia-Pacific central banks have paused rates for now. Who could be first to cut?
The Bank of Korea was the first to hold rates steady after being one of the first nations to hike in the pandemic era — and could become the first to cut rates in the region.
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### Instruction: These Asia-Pacific central banks have paused rates for now. Who could be first to cut?

### Response: The Bank of Korea was the first to hold rates steady after being one of the first nations to hike in the pandemic era — and could become the first to cut rates in the region.