Inflation at 3.2% Pushes Bank of Korea Into First Hike Since 2023

The Bank of Korea raised its benchmark rate to 2.75% on Thursday, marking its first increase since January 2023 as consumer inflation climbed to a three-year high. The decision lands as South Korea’s stock market swings violently, with chipmakers SK Hynix and Samsung Electronics leading steep losses on Thursday. Inflation Forces the BOK’s Hand Governor The post Inflation at 3.2% Pushes Bank of Korea Into First Hike Since 2023 appeared first on BeInCrypto.