Bank of Korea Delivers Back-to-Back Rate Hikes to 3.0%, Signals Gradual Future Tightening Amidst Inflationary Pressures and a Stabilizing Won
The Bank of Korea (BoK) has aggressively front-loaded its monetary tightening cycle, implementing consecutive 25 basis point (bp) interest rate hikes that have elevated the benchmark policy rate to 3.0%.…
