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Bank of Korea Doubles Down With Back-to-Back Hikes as Core Inflation Bites

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The Bank of Korea raised its interest rate by 25 basis points to 3% on Thursday. The move marked a second consecutive increase. Policymakers had already flagged more tightening in July. Firm core inflation and a renewed jump in Seoul housin…

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Bank of Korea Doubles Down With Back-to-Back Hikes as Core Inflation Bites
BeInCrypto 2h ago

Bank of Korea Doubles Down With Back-to-Back Hikes as Core Inflation Bites

The Bank of Korea raised its interest rate by 25 basis points to 3% on Thursday. The move marked a second consecutive increase. Policymakers had already flagged more tightening in July. Firm core inflation and a renewed jump in Seoul housin…