Bank of Korea Raises Rates Again With an Eye on Inflation

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South Korea raised interest rates for the second time in three months

The Bank of Korea increased its benchmark seven-day repurchase rate by 0.25 percentage point to 1% on Thursday. In August, South Korea became the first developed economy in Asia.

The Bank of Korea increased its benchmark seven-day repurchase rate by 0.25 percentage point to 1% on Thursday. In August, South Korea became the first developed economy in Asia

 

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Good initiative. Trust inflation will be tamed.

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