SEOUL -- South Korea's central bank continued to tighten policy in the face of soaring inflation, raising its key interest rate by 25 basis points, or one quarter percentage point, to 1.75% on Thursday.
The Bank of Korea's (BOK) second straight rate hike came in the first meeting under the bank's new governor, Rhee Chang-yong, who was previously the International Monetary Fund's former Asia-Pacific director and took the helm of the bank last month.
