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Finance

BOK shifts to tightening as growth rebounds, leaves door open to more rate hikes

The Bank of Korea raised its policy rate to 2.75 percent from 2.50 percent, marking a shift toward tighter monetary policy. It cited cost pressures from oil and the currency, and demand-side inflation risks as AI investment and a semiconductor boom lift income and support consumption. The central bank also pointed to financial stability risks including housing prices, household debt and exchange-rate volatility, and did not rule out additional rate increases.

Finance

Bank of Korea raises interest rates for first time in 3-1/2 years, benchmark rate at 2.75 percent

The Bank of Korea\'s Monetary Policy Board raised the benchmark interest rate by 25 basis points to 2.75 percent from 2.50 percent. The central bank said it will keep the rate at 2.75 percent until the next policy decision. The board cited a domestic economic recovery and rising inflationary pressure. It flagged exchange-rate volatility, growing household loans and rising home prices in the Seoul metropolitan area as key financial stability risks.

Finance

Financial regulators weigh single-stock leverage ETFs ahead of presidential briefing

South Korea\'s financial authorities are accelerating work on measures for single-stock leveraged exchange-traded funds ahead of a presidential briefing on July 15, but are struggling to find a clear solution. The Financial Services Commission, Financial Supervisory Service and Bank of Korea held a working-level meeting to discuss market impact and possible fixes. Market participants expect details after upcoming policy meetings. Strong steps such as delisting are seen as impractical.