Bank of Korea Raises Key Interest Rate to 1.25%
Posted on 01/14/2022
The Bank of Korea raised its key interest rate (benchmark seven-day repurchase rate) from 1% to 1.25% – back at the pre-COVID pandemic level. The Bank of Korea had raised the key rate in August 2021 and November 2021. The Bank of Korea is trying to cool down a heated real estate market, while battling inflation that is occurring at a faster pace than anticipated.