Central Bank of South Korea raises key rate to highest level in 15 years

The Bank of Korea (the Central Bank of the Republic of Korea) was forced to raise its key rate by 25 basis points to 3.5 percent as the economy still comes under inflationary pressure: the highest since 2008 – according to the information published on the website of the financial regulator Photo: It is noted that with this measure, the Bank of Korea’s monetary policy committee hopes to achieve price stability in the country, since inflation remains very high. Moreover, experts ...

South Korea , bank , interest rate , inflation

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