South Korea's central bank unexpectedly raises rates to 1.50%
Published on: Wednesday 13 April 2022
In a rate review held without a governor for the first time ever, the Bank of Korea’s Monetary Policy Board voted to raise the benchmark interest rate by a quarter of a percentage point to 1.50%, an outcome only 11 of 29 economists foresaw in a Reuters poll.
News source: https://www.moneycontrol.com/news/world/south-koreas-central-bank-unexpectedly-raises-rates-to-1-50-8358461.html
