Bank of Korea Hikes Rates to 2.75% as Crypto Markets Brace for Impact

The Bank of Korea (BOK) raised its benchmark interest rate by 25 bps, from 2.50% to 2.75%, the first increase since January 2023. Interestingly, the decision was in line with economists’ expectations, as 36 out of 37 surveyed by Reuters had predicted the increase. Also, the bank indicated that more rate hikes could come if […] Read The Full Article Bank of Korea Hikes Rates to 2.75% as Crypto Markets Brace for Impact On Coin Edition.