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Home›Bonds & Rates›Central Banks›Bank of Korea lifts rates to 2.75% in first hike in 3…

Bank of Korea lifts rates to 2.75% in first hike in 3 years

The Bank of Korea increased its policy rate by 25 basis points, matching a Reuters economist survey.

Reported · Written up by our desk · Central Banks

The Bank of Korea raised its policy rate to 2.75%, delivering its first increase in more than three years, according to CNBC Markets.

The move was a 25 basis point hike and aligned with a survey of economists polled by Reuters, CNBC World reported.

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Sources

CNBC MarketsBank of Korea raises rates to 2.75% in first hike in over three years
CNBC WorldBank of Korea raises rates to 2.75% in first hike in over three years

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