Bank of Korea raises rates to 2.75% in first hike in over three years
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Source: CNBC
Published: 2026-07-16 11:01 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Business, Education, Asia, South Korea, Economy & Finance, Business & Economy, Asia Pacific
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Snippet:
South Korea's central bank hiked its benchmark policy rate on Thursday, raising them for the first time since January 2023 as inflation in the country creeps up. The Bank of Korea's 25 basis point hike that increased rates to 2.75% was in line with median estimates from economists polled by Reuters.
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