S Korean central bank hikes rates by 25 bps, slows tightening pace

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The story "S Korean central bank hikes rates by 25 bps, slows tightening pace" was covered 4 months ago by Channel News Asia, a news publisher based in Singapore.

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S Korean central bank hikes rates by 25 bps, slows tightening pace - Channel News Asia

Quick Summary:

SEOUL : South Korea's central bank raised interest rates by a more modest 25 basis points on Thursday, slowing the pace of policy tightening as it tries to tame inflation without choking off economic growth.

The Bank of Korea (BOK) raised its benchmark policy rate to 3.

FILE PHOTO: The logo of the Bank of Korea is seen on the top of its building in Seoul, South Korea, March 8, 2016.