Bank of Korea Doubles Down With Back-to-Back Hikes as Core Inflation Bites
The Bank of Korea raised its interest rate by 25 basis points to 3% on Thursday. The move marked a second consecutive increase. Policymakers had already flagged more tightening in July. Firm core inflation and a renewed jump in Seoul housing prices strengthened the case for another move. Bank of Korea Hikes Rates to 3% The post Bank of Korea Doubles Down With Back-to-Back Hikes as Core Inflation Bites appeared first on BeInCrypto.
Key Takeaways
- The Bank of Korea raised its interest rate by 25 basis points to 3% on Thursday.
- The move marked a second consecutive increase.
- Policymakers had already flagged more tightening in July.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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