South Korea Central Bank Raised Key Rate from Record Low

South Korea's central bank raised interest rates from a record low today in the first such increase since June 2011, one day after North Korea test-fired missile.

South Korea's central bank raised interest rates from a record low of 1.25%, by 25 basis points to 1.5%, first such move since 2011.

The central bank revised upward its forecast on the South Korean economy in October and says annual growth rate will slightly exceed that estimate.

- APMR News