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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 the war in the Middle East, and slow the growth of the country’s high household debt.
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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…
