Bank of Korea delivers back-to-back rate hikes to cope with inflation

EconomyWhile exports continue to grow, headwinds intensify for small buisinessesSouth Korea's central bank on Aug. 27 delivered its first back-to-back interest rate hike since January 2023. (Photo by Mayumi Tsumita)STEVEN BOROWIECAugust 27, 2026 11:37 JSTSEOUL -- South Korea's central bank raised its key interest rate

SAITAMA, Japan (Kyodo) -- The Bank of Japan should continue to raise its key policy rate, BOJ Deputy Governor Ryozo Himino said Thursday, citing upsid

Bank of Japan Deputy Governor Ryozo Himino speaks during an interview with Reuters in Tokyo, Japan, June 28, 2023. REUTERS/Kim Kyung-Hoon 27 Aug 2026 10:02AM URAWA, Japan, Aug 27 : Bank of Japan Deputy Governor Ryozo Himino said on Thursday raising interest rates in a timely manner will help avoid a spike in inflation

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

Bank of Korea Delivers Back-to-Back Rate Increase  WSJ

Fed seen a bit more likely to hike after inflation data  Reuters

The main inflation gauge used by the Federal Reserve to set U.S. interest rates rose at an elevated rate in July, potentially pushing the Federal Reserve closer to a vote to raise interest rates next month.

Directors at the Cleveland, Minneapolis, Kansas City, and Dallas Fed banks backed a quarter-point increase before policymakers voted to hold

ABS says CPI was 3.5% in July, casting doubt on Reserve Bank meeting its 2.5% inflation target without further hike Fears are growing that the Reserve Bank will hit millions of mortgage holders with a fourth rate hike this year, after inflation eased in July but by far less than expected. Consumer prices climbed by 3.5

Inflation is continuing to cool with the annual headline rate rising to 3.5 per cent in July, but some economists say it has increased the risk of another interest rate hike by the Reserve Bank of Australia this year.

Rudi Suardi/Getty Images Easing inflation may give mortgage holders a reprieve on further repayment increases for now – but maybe not for long. The consumer price index (CPI) rose 3.5% in the year to July, down from 3.8% in the year to June. But that was a smaller fall than had been predicted. The Reserve Bank of Austr

Michael Faulkender, Former Deputy Secretary of the United States Treasury,  says Kevin Warsh should reinforce his commitment to bringing inflation back to 2.0%, while arguing that energy-driven price pressures do not justify an interest-rate increase. Faulkender says the $40 trillion debt threshold may have finally foc

But experts warn of surge in food prices to come due to energy crisis and drought