Fri, 01 Jul 2022

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.

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