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

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South Korea raises key interest rate for first time in more than three years
Photo: Ahn Young-joon /AP/TT

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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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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