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Bank of Korea Raises Benchmark Rate to 2.75% for First Time in 3.5 Years

2026-07-28 05:09:26

According to Yonhapnews, the Bank of Korea's Monetary Policy Committee raised the benchmark interest rate to 2.75% from 2.50% on July 28, marking the first hike in three and a half years. The decision signals the central bank's shift toward monetary tightening amid persistent inflationary pressures.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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South Korea's KORIBOR Rates Posted on July 27; 1-Week Rate at 2.75%

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