Bank of Korea’s interest rate hike may come earlier than expected

bank of koreas interest rate hike may come earlier than expected 1

Sumary of Bank of Korea’s interest rate hike may come earlier than expected:

  • Bank of Korea Governor Lee Ju-yeol has repeatedly hinted at raising the interest rate in the second half of this year amid signs of economic recovery..
  • The BOK’s benchmark interest rate has been frozen at 0.5 percent since July 2020.”I am on the same side with Governor Lee regarding issues on the interest rate, which I think is likely to be up by 0.25 percentage points,”…

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