South Korean central bank raises rates as economy shows strength

EconomyWith the economic boom concentrated among chipmakers, central moves to address inflation(Photo by Mayumi Tsumita) STEVEN BOROWIECJuly 16, 2026 10:02 JSTBANGKOK -- South Korea's central bank raised its key rate for the first time in more than three years on Thursday as it grapples with inflationary pressure at least partially stemming from quickening growth.Read NextMarketsSK Hynix rallies in biggest-ever foreign share sale in USTrading AsiaAsia's AI rally winners face a rising leverage problemPropertySouth Korea's AI chip boom spills into property marketSemiconductorsSouth Korea to create future fund from chip windfallSemiconductorsAI-driven 'chipflation' puts chill on electronics purchasesSemiconductorsSouth Korea's chip hub plans face tough questions over timing, demandLatest on E