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Bank Of Korea Hikes Key Rate For Second Straight Time

Bank Of Korea Hikes Key Rate For Second Straight Time

The Bank of Korea raised its benchmark rate by a quarter-point for the second straight meeting on Thursday, to prevent broadening of inflationary pressures. The Monetary Policy Board of the Bank of Korea voted 6-1 to raise the base rate by 25 basis points to 3.00 percent. The bank had lifted the rate by a quarter-point at the previous meeting in July.
RTTNews | vor 15 Tagen
South Korea Inflation Slips 0.2% In July

South Korea Inflation Slips 0.2% In July

Overall consumer prices in South Korea were down a seasonally adjusted 0.2 percent on month in July, Statistics Korea said on Tuesday - owing to a decline in crude oil prices.
RTTNews | vor 38 Tagen