Bank of Korea raises rates again as inflation climbs

Bank of Korea, Seoul
The Bank of Korea

The South Korean central bank’s monetary policy board raised the base rate by 25 basis points for the second time this year on November 25.

Governor Lee Ju-yeol told a press conference that he would not rule out another rate hike in the first quarter of next year. The board also raised its inflation forecast.  

Lee said the central bank board would be prepared to raise rates if necessary in February. He said the board would not be influenced by the presidential election due to be held the

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