BOK taises key interest rate to 3.25 pct

13:55, June 10, 2011      

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South Korea's central bank said Friday it raised the benchmark interest rate to 3.25 percent for June, following a two-month freeze, in a bid to curb inflationary pressures.

The Bank of Korea (BOK)'s decision came as a surprise because 6 out of 11 experts at home and abroad predicted a rate freeze in a poll and reports compiled by Xinhua.

The BOK lifted the borrowing costs by 25 basis points to 3 percent in March, after raising the rate in July and November last year and in January this year by 25 basis points respectively from a record low of 2 percent.
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