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Bank of Korea Hikes Base Rate to 3% for Second Straight Month, Boosts Growth Outlook to 3.3% This Year — 6hThe Bank of Korea raised its growth outlook to 3.3% this year and 2.9% next year, anchored by a booming semiconductor cycle, while keeping inflation projections at 2.7% this year and 2.3% for next year. It also lifted the policy rate to 3.00% in back-to-back hikes amid stronger growth, inflation risks, and rising household debt and real estate prices.