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Bank of Korea raises rates for second straight time to 3%

The Bank of Korea also lifted its growth forecasts while tightening policy, pointing to continued strength tied to an AI upcycle.

Reported · Written up by our desk · Central Banks

The Bank of Korea raised its policy rate by 25 basis points to 3% in a second straight hike, according to MarketWatch.

Alongside the move, it increased its growth forecasts, signaling a more upbeat outlook.

MarketWatch also linked the backdrop for the decision to an ongoing AI-led expansion, citing Nvidia’s second-quarter results as evidence the boom is not over.

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