Despite slowing growth, South Korea's central bank raised its benchmark rate by a quarter-point as inflation is expected to remain above target for a considerable time. The Monetary Policy Board of the Bank of Korea decided to raise the Base Rate by 25 basis points to 3.50 percent from 3.25 percent.The central bank has hiked its policy rate by altogether 300 basis points in the current tightening ...
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.