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Bank of Korea Interest Rate Outlook: Further Hikes Considered
Central Banks & Currencies

Bank of Korea Interest Rate Outlook: Further Hikes Considered

Bank of Korea board members deliberated additional interest rate increases at their July 16 meeting. Minutes reveal persistent inflation concerns, despite a recent dip in consumer prices. Some members advocated for preemptive action to stabilise prices. This suggests continued monetary tightening for South Korea. (Source: CNA Business)