{"id":51365,"date":"2026-07-16T13:05:05","date_gmt":"2026-07-16T07:20:05","guid":{"rendered":"https:\/\/nepalsamaj.com\/en\/?p=51365"},"modified":"2026-07-16T13:05:05","modified_gmt":"2026-07-16T07:20:05","slug":"south-korea-central-bank-raises-interest-rates-to-2-75-percent","status":"publish","type":"post","link":"https:\/\/nepalsamaj.com\/en\/south-korea-central-bank-raises-interest-rates-to-2-75-percent\/","title":{"rendered":"South Korea central bank raises interest rates to 2.75 percent"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div><p>South Korea&#8217;s central bank raised its interest rates by 25 basis points on Thursday, for the first time in more than three years.<\/p>\n<p>The Bank of Korea (BOK) convened a Monetary Policy Board meeting and &#8220;raised the benchmark rate from 2.5 percent to 2.75 percent,&#8221; a BOK official told AFP.<\/p>\n<p>Since May, the BOK has increasingly leaned toward tighter monetary policy, pointing to stubborn inflation, a weaker won and an economy buoyed by the country&#8217;s strong semiconductor exports.<\/p>\n<p>The combination of robust growth, rising home prices, and elevated household debt has strengthened the case.<\/p>\n<p>South Korea&#8217;s economy expanded at its fastest pace in nearly six years in the first quarter, while BOK Governor Shin Hyun-song said inflation was likely to stay above the central bank&#8217;s target for a considerable period.<\/p>\n<p>Consumer prices climbed 3.2 percent in June from a year earlier, partly due to higher energy costs and supply chain disruptions linked to conflict in the Middle East.<\/p>\n<p>Thursday&#8217;s increase was the first since January 2023, when the central bank lifted its policy rate by 25 basis points to 3.5 percent during its post-pandemic policy normalisation cycle.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Korea&#8217;s central bank raised its interest rates by 25 basis points on Thursday, for the first time in more than three years. The Bank of Korea (BOK) convened a Monetary Policy Board meeting and &#8220;raised the benchmark rate from 2.5 percent to 2.75 percent,&#8221; a BOK official told AFP. Since May, the BOK has [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":28250,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-51365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"_links":{"self":[{"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/posts\/51365"}],"collection":[{"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/comments?post=51365"}],"version-history":[{"count":1,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/posts\/51365\/revisions"}],"predecessor-version":[{"id":51366,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/posts\/51365\/revisions\/51366"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/media\/28250"}],"wp:attachment":[{"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/media?parent=51365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/categories?post=51365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/tags?post=51365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}