The Bank of Korea raised its key interest rate by a record half percentage point on Wednesday as policymakers prioritized curbing the spread of inflation expectations amid high downside risks to the economy.
The Monetary Policy Board of the Bank of Korea decided to raise the Base Rate by 50 basis points to 2.25 percent from 1.75 percent.
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April 10, 2026 16:21 ET Inflation data from the U.S. was the main data event this week as the conflict in the Middle East continue. The minutes of the latest Fed policy session and the survey data on the services sector also made headlines. In Europe, manufacturing orders data from Germany was in focus. Price data from China drew attention in Asia.