South Korea's central bank hiked interest rates on Aug. 27 for the second time in a row as it said economic growth remained strong and warned inflation would likely remain elevated for some time owing to higher energy costs.

SEOUL, Aug 27 : The Bank of Korea raised its benchmark interest rate by a quarter percentage point to 3.00 per cent on Thursday, as expected, delivering a second straight increase…

The Bank of Korea on Thursday raised its benchmark interest rate for a second consecutive meeting, pressing ahead with monetary tightening amid persistent infla