The Bank of Korea raised its benchmark interest rate by 25 basis points to 2.75%, marking its first rate hike since 2023. The move reflects the central bank’s efforts to curb inflation amid a recovering economy.
The Bank of Korea raised its benchmark interest rate by 25 basis points to 2.75%, marking its first rate hike since 2023. The move reflects the central bank’s efforts to curb inflation amid a recovering economy.