VIAC

ViacomCBS Inc.

29.58
USD
-17.81%
29.58
USD
-17.81%
27.84 101.97
52 weeks
52 weeks

Mkt Cap 17.95B

Shares Out 606.71M

Send me real-time posts from this site at my email

S.Korea's central bank raises rates to 1.75%, as widely expected

SEOUL, May 26 (Reuters) - South Korea's central bank raised its policy rate on Thursday in a second consecutive meeting, as largely expected, to wrestle consumer inflation down from 13-year highs. The Bank of Korea's Monetary Policy Board voted to raise the benchmark interest rate KROCRT=ECI by a quarter of a percentage point to 1.75%, an outcome all but one of the 28 analysts polled by Reuters foresaw. Governor Rhee Chang-yong will hold a news conference at 0210 GMT. (Reporting by Cynthia Kim, Joori Roh; Editing by Sam Holmes) ((Cynthia.Kim@thomsonreuters.com; 822 3704 5655; Reuters Messaging: cynthia.kim.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue