Roundup: S. Korea raises policy rate by 25 bps to 2.75 pct

Source Summary

SEOUL, July 16 (Xinhua) -- South Korea's central bank raised its policy rate by 25 basis points on Thursday, turning toward monetary tightening in about three and a half years amid stubborn inflation, solid economic growth, massive household debt and high exchange rate volatility. Bank of Korea (BOK) Governor Shin Hyun-song and other monetary policymakers decided to increase the benchmark seven-day repurchase ra