Thursday, January 13, 2011

Bank of Korea Raised the 7-day Repo Rate 25bps to 2.75%

The central bank in South Korea raised the benchmark seven-day repurchase rate by 25 basis points to 2.75%. The Bank of Korea noted the rising threat of inflation, explaining their expectation of "inflationary pressures to persist and inflation expectations to increase as the economic upswing continues and international commodity prices rise."


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