Now Reading:

Korean interest rates raised


Korean interest rates raised


The Bank of Korea has unexpectedly raised interest rates.

It was the first time it had put up the cost of borrowing since the start of the financial crisis.

The bank’s policy makers also predicted solid growth and higher inflation ahead for South Korea which raised market expectations of further rate hikes which will likely bring rates closer to three percent by the end of the year.

Every story can be told in many ways: see the perspectives from Euronews journalists in our other language teams.

Next Article