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South Korea Raises Interest Rates Back to Pre-Pandemic Level
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wsj.comSouth Korea raised interest rates to their pre-pandemic level to fight inflation and signaled that more increases could be coming later in the year.
The central bank increased its benchmark seven-day repurchase rate by 0.25 percentage point to 1.25% on Friday. The bank had raised the rate in August and November, becoming the first developed economy in Asia to do so.
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