Bank of Korea Raises Benchmark Rate to 2.75% in First Tightening in 3.5 Years
() -- The Bank of Korea unanimously raised its benchmark seven-day repurchase rate by 25 basis points to 2.75% on Thursday, marking its first interest rate hike in three and a half years. The monetary policy board, led by Governor Shin Hyun-song, pivoted back to tightening to combat persistent inflationary pressures ex