The 25 basis point hike by the Bank of Korea was in line with a survey of economists polled by Reuters.

The Bank of Korea raises rates for the first time since January 2023 on July 16, hiking 25 bps to 2.75% as inflation runs at 3.1%, above its 2% target.

The Bank of Korea (BOK) raised its benchmark interest rate, Thursday, for the first time in more than three years, as persistent inflation and impr...