Bank of Korea Rate Hike
10 articles from 2 countries
The Bank of Korea has raised its benchmark interest rate by 0.25 percentage points to 2.75%, marking the first increase in three and a half years. This move signals a shift towards a tightening monetary policy.
Bank of Korea Raises Key Rate Again, Citing Proactive Inflation Control
- The Bank of Korea's Monetary Policy Committee raised the benchmark interest rate by 0.25 percentage points to 3.00%, marking the second consecutive monthly increase. - Governor Shin Hyun-song explained the decision using the proverb 'stopping with a hoe what would otherwise require a shovel,' signifying a preemptive strike against entrenched inflation. - The committee also revised upward its eco…
Bank of Korea hikes rates again amid persistent inflation
- The Bank of Korea raised its benchmark interest rate by 0.25 percentage points to 3.00%, marking its second consecutive hike. - The central bank revised its growth estimate upward to 3.3% for the ye…
Bank of Korea raises 2024 current account surplus forecast to $450 billion
- The Bank of Korea raised its 2024 economic growth forecast to 3.3% and its current account surplus projection to $450 billion, up from $250 billion. - The central bank lowered its employment growth …
Bank of Korea Raises Key Interest Rate to 3%, Narrows US-Korea Gap
- The Bank of Korea increased its benchmark interest rate by 0.25 percentage points to 3.00% on August 27. - This is the second consecutive monthly rate hike, intended to combat persistent inflation. …
Market expected a freeze, but Bank of Korea delivers 'surprise' rate hike
- The Bank of Korea unexpectedly raised its benchmark interest rate by 0.25 percentage points to 3.00%, defying market expectations of a freeze. - A survey of 100 domestic bond experts showed 79% pred…
Bank of Korea signals further rate hikes with updated 'dot plot'
- The Bank of Korea's Monetary Policy Board raised the benchmark interest rate by 0.25 percentage points to 3.00%, with six out of seven members voting in favor. - The board's updated 'dot plot' shows…
Bank of Korea Pauses Rate Hikes After Two Consecutive Increases: What Does the Decision Statement Reveal?
- The Bank of Korea raised its key interest rate for the second consecutive time. - The central bank removed the phrase 'rate hike trend' from its latest decision statement. - This omission has sparke…
Bank of Korea Upgrades 2026 Growth Forecast to 3.3% on Export Strength
- The Bank of Korea raised its economic growth forecast for the year to 3.3%, a significant increase from the previous 2.6% projection. - This upward revision is attributed to a stronger-than-anticipa…
Bank of Korea Raises Key Interest Rate to 3.00% Amid Inflation Concerns
- The Bank of Korea raised its benchmark interest rate by 0.25 percentage points to 3.00%, the first time it has exceeded 3% in 18 months. - This marks the second consecutive monthly rate hike, a move…
Bank of Korea raises key interest rate for second consecutive month to 3.00%
- The Bank of Korea increased its benchmark interest rate by 0.25 percentage points to 3.00%. - This is the second consecutive monthly rate hike, returning the rate to the 3% range after 21 months. - …
