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Bank of Korea — news, coverage & facts — IJR

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Bank of Korea

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Photo: Sean Young (@assanges) / Wikimedia Commons (CC BY 4.0)
Finance
Bank of Korea Hikes Base Rate to 3% for Second Straight Month, Boosts Growth Outlook to 3.3% This Year
The 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.
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Overview

The Bank of Korea (BOK; ) is the central bank of the Republic of Korea and issuer of Korean Republic won. It was established on 12 June 1950 in Seoul, South Korea. The bank's primary purpose is price stability. For that, the bank targets inflation. The 2016–18 target is consumer price inflation of 2.0%. History 1945-1970

From Wikipedia (CC BY-SA 4.0).

The Bank of Korea (BOK; ) is the central bank of the Republic of Korea and issuer of Korean Republic won. It was established on 12 June 1950 in Seoul, South Korea.

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