Korea's Rate Hikes: A Double Edged Sword in the Face of Inflation The Bank of Korea has raised interest rates for the second consecutive month, sending shockwaves through the South Korean economy.
On the surface, a 25 basis point hike may seem like a modest step towards taming rising prices, but the implications run far deeper.
One striking aspect of the BOK's statement is its acknowledgement that core inflation will remain above target for an extended period.