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Economy / South Korea

Measured Rate Rise

November 2005 | Economic Analysis

South Korea's central bank raised interest rates for the first time in over three years in October in a pre-emptive move to ward off inflation. The quarter percentage point rise to 3.5% by the Bank of Korea (BOK) comes amid signs of an economic recovery, but despite the growth acceleration in the third quarter we do not expect rates to be raised again until

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