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Bank of Korea raises its key rate by 50bps

Bank of Korea raises its key rate by 50bps

Central Banks
Eamonn Sheridan
13/07/2022 | 00:49 GMT

Bank of Korea is South Korea's central bank.

  • base rate is now 2.25% from 1.75% previously

+50bp is a big hike from the BoK. This was the median consensus expectation.

Inflation is a serious issue, its rapidly rising, the Bank is trying to address

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