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South Korea stocks slump after first rate rise in three years
The Bank of Korea raised rates to 2.75% on July 16, its first hike since 2023. The KOSPI dropped as inflation hit 3.2%, above the central bank's 2% target.
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cryptobriefing.com
Bank of Korea raises rates for first time in over three years on July 16
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.
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apnews.com
South Korea's central bank hikes rate for 1st time since 2023 to curb inflation, debt
South Korea’s central bank on Thursday raised its key interest rate for the first time in more than three years, aiming to tighten money supply to combat inflation, worsened by…
