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Economy

BOK becomes 1st major Asia central bank to hike rates in pandemic

Bank of Korea lifts benchmark by 25 basis points to 0.75%

The logo of the Bank of Korea is seen on the top of its building in Seoul.   © Reuters

SEOUL -- The Bank of Korea raised its benchmark interest rate 25 basis points to 0.75% on Thursday, making it the first major central bank in Asia to hike rates since the onset of the pandemic.

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