BOK hikes rates for first time in 3-1/2 years to combat inflation, won slump

🇰🇷 Investing.com (KR) —
BOK hikes rates for first time in 3-1/2 years to combat inflation, won slump

AI Summary

The Bank of Korea (BOK) has increased interest rates for the first time in 3.5 years to combat inflation and counter a recent economic slump. This rate hike signals a shift towards tightening monetary policy in South Korea.

World Markets Bank of Korea interest rates inflation economic policy monetary tightening South Korea

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