Bank of Korea delivers back-to-back rate hikes as core inflation stays elevated

The Bank of Korea hiked rates by 25 basis points to 3%, its highest since January 2025 and in line with expectations.

The top 3

  1. BOK's Historical Consecutive Rate Hike Periods: The Bank of Korea has previously implemented back-to-back rate hikes in July–August 2007 to curb asset bubbles and in November 2021–January 2022 and April 2022–January 2023 to combat pandemic-driven inflation.
  2. Fastest Recent Rate Hike Cycles by Major Central Banks: The U.S. Federal Reserve's tightening cycle between March 2022 and July 2023 was its fastest in four decades, raising the federal funds target rate by 525 basis points.
  3. Longest and Most Severe Fed Rate Hike Cycles: The most severe U.S. Federal Reserve interest rate hikes occurred between June 2004 and June 2006, when the effective federal funds rate climbed by almost four percentage points over two years.

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