Business

Bank of Korea Raises Interest Rates

Updated 2026-07-16 01:25 UTC 1 source Neutral

The Bank of Korea increased its key interest rate to 2.75%, marking the first hike in over three years. The move was anticipated by economists.

Coverage timeline — 1 article
CNBC
The 25 basis point hike by the Bank of Korea was in line with a survey of economists polled by Reuters.
2026-07-16 01:05 UTC
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