Bank of Korea, “Continuing to Raise Interest Rate for the Time Being … “Expected Growth Rate of 1.7% Next Year”
Finance
The Bank of Korea(BOK) said, “Next year’s growth rate is expected to be 1.7%, significantly lower than the previous estimate of 2.1%, and it is necessary to continue the interest rate hike for the time being.” In the 24th, the Monetary Policy Committee of BOK said, “We decided to raise the benchmark interest rate by 0.25%p from the current 3% to 3.25%.” Accordingly, the benchmark interest rate will be operated at the 3% level until the next decision.
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