SEOUL, Jan. 14 (Xinhua) -- South Korea's central bank on Friday raised its policy rate to 1.25 percent amid mounting concerns about inflationary pressure.
Bank of Korea (BOK) Governor Lee Ju-yeol and other monetary policy board members decided to lift the benchmark seven-day repurchase rate from 1.00 percent to 1.25 percent.
It followed the BOK's rate increase by 25 basis points in August and November last year.
According to a survey of 100 fixed-income experts by the Korea Financial Investment Association, 43 percent predicted the rate hike. The remaining 57 percent expected a rate freeze.