Price-Books.co.uk                                             

 Main Menu

The Bank of Korea increased its benchmark rate to 3.75% today on concerns that strengthening economic growth will stoke inflation in Asia's third-largest economy next year.

After raising rates for the second time in three months, the officials believed that the economy would achieve "optimal growth" without difficulty.

Korea's growth rate is forecast at 5%, a level to which the bank expects the economy to return next year.

Economic Research Unit
Franklin + Andrews

eru@franklinandrews.com