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BOK Raises Key Interest Rate By 0.25%p to 3%

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공표년도

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2011-03-10

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We begin in the nation's central bank
The Bank of Korea has raised its key interest rate by a quarter of a percentage point to 3 percent as the country battles growing inflationary pressure.
Following a monthly policy meeting Thursday morning‚ central bank officials announced that the rate was increased in an attempt to rein in soaring consumer prices.
Consumer prices spiked 4.1 percent and 4.5 percent on-year in January and February‚ respectively‚ surpassing the BOK's upper limit of 4 percent.
Governor Kim Choong-soo had hinted at a rate hike during a meeting at the National Assembly Wednesday adding that consumer prices are expected to rise by more than 4 percent in March as well.
Reporter : jjeoh@arirang.co.kr

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