South Korea's central bank raised interest rates to 2.75% for the first time since 2023, driven by AI-powered chip growth fueling inflation and unexpected economic acceleration.
The BOK raised the rate to 2.75%
Jul 16, 2026
10:03 am
What's the storySouth Korea's central bank, the Bank of Korea (BOK), has raised its key interest rate for the first time in over three years.
The move comes as an artificial intelligence-driven chip boom drives inflation and economic growth.
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South Korea's central bank hikes rate for 1st time since 2023 to curb inflation, debt
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BOK lifts base rate in first hike in over 3 years
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