South Korea's Central Bank Raises Benchmark Rate for First Time, 1-Year IRS Hits 3.46%
According to Yonhapinfomax, South Korea's central bank raised its benchmark rate for the first time on July 16, with the 1-year IRS (interest rate swap) rate climbing to 3.46%, about 100 basis points above the new benchmark level. The move concluded months of policy signaling that began in May, with
GateNews·07-16 01:09

