The Bank of Korea raised the benchmark interest rate by 25 basis points to 2.75%, marking the first interest rate hike since 2023
The Bank of Korea raised the benchmark interest rate by 25 basis points to 2.75%, marking the first rate hike since January 2023. Among 37 economists surveyed by Reuters, 36 expected the Bank of Korea to raise rates to this level, and the result met market expectations.
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