[Breaking] Bank of Korea Base Rate Rises 0.25%p... First Ever 6 Consecutive Increases
![[Breaking] Bank of Korea Base Rate Rises 0.25%p... First Ever 6 Consecutive Increases](http://www.asiae.co.kr/news/img_view.htm?img=2021061808010985412_1623970870.png)
The Monetary Policy Committee (MPC) of the Bank of Korea announced on the 24th that it held the final monetary policy meeting of the year and decided to raise the base interest rate by 0.25 percentage points.
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As a result, the base interest rate rose to 3.25%, marking the highest level in 10 years and 4 months since July 2012 (3.25%). The Bank of Korea raised the base interest rate six consecutive times for the first time in history, including in April, May, July, August, October, and November of this year.
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