South Korea central bank raises interest rates to 2.75pct
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Summary
South Korea central bank raises interest rates to 2.75pct. The bank had kept rates steady or lowered them in recent years despite concerns about soaring household debt and real estate prices, prioritizing support for the country’s trade-dependent economy in the face of geopolitical turmoil and U.S. President Donald Trump’s sweeping tariff hikes.
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South Korea central bank raises interest rates to 2.75pct.
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The bank had kept rates steady or lowered them in recent years despite concerns about soaring household debt and real estate prices, prioritizing support for the country’s trade-dependent economy in the face of geopolitical turmoil and U.S. President Donald Trump’s sweeping tariff hikes.
according to The Independent
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