South Korea's central bank raises policy rate by 0.25% to 3.00%

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The Bank of Korea (central bank) raised its policy rate by 25 basis points to 3.00% on the 27th, marking the second consecutive rate hike. In a Reuters poll, 18 out of 35 economists had expected a hike to 3.00%. Governor Rhee Chang-yong will hold a press conference at 11:10 a.m. Japan time.

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