South Korea raised its key rate to 2.75% as inflation, housing risks and semiconductor-led growth increased pressure for further tightening.

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 three and a half years, as the semiconductor-driven econ...