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Bank of Korea 25bp rate hike, as widely expected

Bank of Korea 25bp rate hike, as widely expected

South Korea's central bank raised its policy interest rate by 25 basis points.

  • to 3.50%, highest since December 2008
  • 36 out of 40 economists in a Reuters poll tipped the 25bp rise (four were no changers)

This is the 10th rate hike from the BoK since it began its upwards cycle in August 2021.

  • the hikes total +300 basis points
This article was written by Eamonn Sheridan at www.forexlive.com... Read More
Posted: Jan 13 2023, 01:00
Author Name: forexlive
Views: 102354

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