Economic Buzz: Bank Of Korea raises its benchmark rate by a quarter-point

Mumbai, Aug. 27 -- The Bank of Korea raised its benchmark rate by a quarter-point for the second straight meeting on Thursday, to prevent broadening of inflationary pressures. The Monetary Policy Board of the Bank of Korea voted 6-1 to raise the base rate by 25 basis points to 3.00 percent.

Published by HT Digital Content Services with permission from Capital Market....