BENGALURU: South Korea’s central bank will raise interest rates tomorrow and carry a tightening cycle into next year as it tries to curb rising inflation and soaring home prices that have households piling on ever more debt, a Reuters poll found.
Inflation in Asia’s fourth-largest economy accelerated to nearly the highest in a decade in October, reinforcing the need for the Bank of Korea (BoK) to act now to prevent it from accelerating further.
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