South Korea's central bank unexpectedly lifted its key interest rate on Thursday, as inflation is expected to remain high for some time. The Monetary Policy Board of the Bank of Korea decided to hike the Base Rate by 25 basis points to 1.50 percent from 1.25 percent. The bank had raised its key rate by 25 basis points each in November and January.The board said it will appropriately adjust the deg...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.