Bank of Korea Raises Rates Amid Inflation Spike
The Bank of Korea increased its benchmark interest rate by 25 basis points to 2.75%, marking the first hike since January 2023 due to rising inflation, which reached a three-year high of 3.2% in June. The move is expected to impact South Korean stocks and digital asset markets.
Tickers: $SKHYV
Topics: Bank of Korea Inflation interest rate hike South Korean economy