Politics British Columbia

Bank of Korea hikes rates for first time in 3-1/2 years

BC Post Staff Source: Bignewsnetwork Jul 15, 2026 Updated Jul 16, 2026 1 min read 6 views

British Columbia Source: Bignewsnetwork

BC Post Politics British Columbia

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SEOUL, 16th July, 2026 (WAM) -- The Republic of Korea's central bank delivered a quarter-percentage-point interest rate hike for the first time in three-and-a-half years on Thursday to tackle high inflation. The Bank of Korea (BOK) convened a Monetary Policy Board meeting and lifted the benchmark rate from 2.5 percent to 2.75 percent, Yonhap News Agency reported. This marked the first rate increase since J

This marked the first rate increase since J

Published: Jul 15, 2026
Updated: Jul 16, 2026
Source: Bignewsnetwork
Category: Politics
Read time: 1 min

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SectionPolitics

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SourceBignewsnetwork

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PublishedJul 15, 2026

UpdatedJul 16, 2026

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