Bank Of Korea Lifts Key Rate By Record 50 Bps

The Bank of Korea raised its key interest rate by a half percentage point on Wednesday as policymakers prioritized curbing the spread of inflation expectations amid high downside risks to the economy. The Monetary Policy Board of the Bank of Korea decided to raise the Base Rate by 50 basis points to 2.25 percent from 1.75 percent.

from RTT - Top Story https://ift.tt/RFqQkBs
via IFTTT