BOK Minutes Reveal Rift Over Rate Hikes
Bank of Korea minutes reveal that the August rate hike was contentious. A dissenting board member warned about rising delinquency trends and vulnerable sectors. The split decision signals a potentially slower pace of future policy tightening.
South Korea's central bank raised its benchmark interest rate by 25 basis points to 3.00% on Tuesday morning, delivering a second consecutive hike. The move reflects persistent inflation above target and ongoing financial stability risks. The decision highlights growing internal divisions among policymakers.
