Story thread · 4 reports / 3 sources

BOK pressed to further raise key rate to track Fed's latest hike

koreaherald.com · 2hShare

The Bank of Korea is likely to come under growing pressure to further raise its benchmark rate after the US Federal Reserve delivered its first rate hike in over three years to combat rising inflation, watchers said Thursday. Overnight, the Fed raised its benchmark interest rate by a quarter percentage point in its first hike since July 2023 to the 3.75-4.00 percent range while signaling the possibility of another increase later this year amid persistent inflation and high oil prices. The increa

First report: RIP Bok a Bok — The ‘Bokin’ adventure’ is over — capitolhillseattle.com, 1d