South Korea raises key interest
Photo: Ahn Young-joon /AP/TT

South Korea raises key interest rate for first time in more than three years

The Central Bank of South Korea raises its key interest rate by 0.25 percentage points to 2.75 percent.

It is the first increase in more than three years, and the unanimous decision is justified by persistently high inflation and strong growth. In the announcement, the bank signals that there may be more increases.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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