BUSINESSASIA TIMES
Bank of Korea picks a fight with US Fed’s AI inflation call
Bank of Korea Governor Shin Hyun-song raised the policy rate by 25 basis points to 2.75%, ending a three-and-a-half-year rate freeze. The move signals a direct challenge to the Federal Reserve’s recent AI-driven inflation assessment.
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- South Korea’s central bank hikes rate for 1st time since 2023 to curb inflation, debt
- Bank of Korea raises rates to 2.75% in first hike in over three years
- South Korea’s central bank hikes rate for 1st time since 2023 to curb inflation, debt
- Bank of Japan raised rates to a 31-year high as inflation and a weak yen piled up pressure
- Bank Indonesia raises policy rate by 0.5 point, exceeding market expectations