South Korea Raises Rates, Predicts Economic Recovery
The Bank of Korea delivered back-to-back interest rate hikes and forecasts further aggressive increases to bring consumer inflation down from 13-year highs. The country’s central bank announced Thursday that it will raise the Base Rate by 25 basis points, to 1.75% from 1.5%, the highest since mid-2019.
Source: https://etfdb.com/volatility-resource-channel/south-korea-raises-rates-predicts-economic-recovery/
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