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MNI BRIEF: Bank Of Korea Hikes Policy Rate 50BPS To 2.25%

The Bank of Korea hiked its policy rate by 50 basis points on Wednesday and kept the focus on inflation amid slower economic growth.

The seven-day repurchase rate rose to 2.25% from 1.75%, according to news agencies, for the sharpest hike since the late 1990s in the rate and as expected, (See: MNI STATE OF PLAY: Bank Of Korea To Hike 50bps As Prices Bite).

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