The Bank of Korea raised the benchmark interest rate by 25 basis points to 2.75%, its first rate hike since January 2023. Among 37 economists surveyed by Reuters previously, 36 expected the Bank of Korea to raise rates to that level, matching market expectations.

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ContractAuditor
· 6h ago
Out of 37 economists, 36 guessed correctly—was the remaining one intentionally doing reverse moves?
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CompoundClerk
· 9h ago
At 2.75%, this level is relatively moderate in Asia—Japan next door is still in negative interest rates.
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LiquidationLols
· 9h ago
As expected—the market had already digested it long ago.
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Cross-SectionOfSucculent
· 9h ago
This time, the Bank of Korea is moving in sync with the U.S. Federal Reserve; export-oriented companies will face pressure.
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