Bank of Korea raises key interest rate to 2.25% from 1.75% – by fx_ross SouthKorea USDKRW
South Korea's central bank, BoK, has hiked its key rate to 2.25% from 1.75%. This follows a 25-basis-point increase in the previous meeting in May. It is the first time that the central bank has raised the benchmark rate by 50 basis points, taking a so-called "big step."
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