Korea to follow Israel’s lead and hike?

The Bank of Korea could become the first G20 country to hike rates since the outbreak of the global crisis, a report to the country's lawmakers suggested.

A report authored by the central bank obtained by Reuters, a newswire, suggested that the institution could raise borrowing costs from their current record-low level of 2% in order to quash a housing bubble.

The report said: "We will take proper steps [against rising property prices] including monetary policy if necessary, taking a look at con

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