SEOUL -- The Bank of Korea raised its key interest rate by half a percentage point on Wednesday as high inflation and a weakening currency burden Asia's fourth-largest economy.
Inflation
South Korea lifts rates again as board split on speed of easing
50 basis point hike is aimed at slowing inflation and currency slide against the dollar
The Bank of Korea began raising rates earlier than many of its regional peers. (Photo by Takaki Kashiwabara)
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