Bank of Korea Raises Rate to 3 Percent
The Bank of Korea raised its benchmark interest rate to 3.00 percent in a second straight hike. Officials cited persistent inflation and housing market risks while signaling a more gradual approach ahead.
Insights:
The Bank of Korea raised its benchmark interest rate by 25 basis points to 3.00% on Thursday morning, delivering consecutive hikes to combat persistent inflation. The move follows similar tightening campaigns across global central banks as policymakers balance growth with financial stability. The decision marks the highest borrowing costs since February 2025, matching expectations among economists.
