BOK hikes policy rate by quarter point to 3.25 pct

BOK hikes policy rate by quarter point to 3.25 pct

Bank of Korea (BOK) Gov. Rhee Chang-yong attends a press conference at the central bank in Seoul on Nov. 24, 2022. The central bank raised its policy rate by a quarter percentage point to 3.25 percent to tame persistently high inflation but slowed the pace of monetary tightening amid worries over high borrowing costs and their impact on economic growth. (Pool photo) (Yonhap)

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