Showing posts with label South Korea Market. Show all posts
Showing posts with label South Korea Market. Show all posts

June 10, 2011

Korea hikes interest rate

The Bank of Korea raised its policy interest rate by a quarter point Friday. South Korea’s consumer inflation printed at 4.1% in May from the year-earlier period. The move took the benchmark base rate to 3.25% after two rate hikes earlier this year. The move followed recent above-target inflation data.