Bank of Korea Hikes Key Rate to 2.75% to Begin Tightening Cycle

[Politics] :
Anchor: The Bank of Korea(BOK) has raised the benchmark interest rate by 25 basis points from two-point-five percent to two-point-75 percent, the first rate hike in three-and-a-half years. The central bank's monetary policy board reached the decision on Thursday in an effort to tackle inflation amid the ...

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