South Korea's central bank raised its benchmark rate by a moderate quarter point on Thursday as the slowdown in economic growth is set to be more severe.
The Monetary Policy Board of the Bank of Korea unanimously decided to raise the Base Rate by 25 basis points to 3.25 percent from 3.00 percent.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
by Renju Jaya
For comments and feedback: contact editorial@rttnews.com