Bank of Korea raises key lending rate to 1.75%

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Manage episode 329792678 series 2441892
By TRT World. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
Asia-Pacific stocks are mixed this morning as the Bank of Korea announced a 25 basis points increase in its base rate to 1.75%, which is the central bank's second straight rate hike. The Korean exchange KOSPI is down 0.37%, but the Chinese Shanghai Composite, is up 0.44%. The Korean currency, the won, is strengthening against the dollar, after touching a decade-low a few weeks ago. We spoke David Madden who is a market analyst at Equiti Capital in London. #SouthKorea #Won #InterestRates

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