SEOUL -- South Korea's central bank on Thursday lifted its key interest rate to 1% from 0.75%, as it fights rising prices and soaring household debt.
The Bank of Korea's seven-member monetary policy board agreed on the move -- with one dissent vote to keep the rate -- after raising the rate by 25 basis points three months ago. The decision was widely expected, with 90 of 100 respondents from the fixed income industry predicting an increase in a survey earlier this month by the Korea Financial Investment Association.
