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The Nexus
BUSINESSJul 16 · 01:33 UTCCNBC TOP

Bank of Korea raises rates to 2.75% in first hike in over three years

The Bank of Korea increased its interest rate by 25 basis points to 2.75% in the first rate hike in over three years, aligning with economists' expectations as per a Reuters survey.

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Bank of Koreaorganization25 basis point hiketopic2.75%topicReutersorganization
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Bank of Korea raises rates to 2.75% in first hike in over three years · The Nexus