South Korea's central bank raised its policy interest rate by 25 basis points.
- to 3.50%, highest since December 2008
- 36 out of 40 economists in a Reuters poll tipped the 25bp rise (four were no changers)
This is the 10th rate hike from the BoK since it began its upwards cycle in August 2021.
- the hikes total +300 basis points
