::South Korea's Central Bank Raises Rates Being 3.25%>>

Go Finance Reporting in SEOUL - South Korea's central bank (South Korea) raised its benchmark interest rate by 25 basis points to 3.25 percent. The increase in interest rates this as a step to curb inflationary pressures.

Quoted by AFP on Friday (06/10/2011), increases in interest rates this June is the third year. Although the data show a slowing of economic recovery at home and abroad.

Bank of Korea had an unexpected freeze interest rates in May for the second month in a row, following economic uncertainty. The indicators, among others, volatility in oil prices and the debt crisis in the eurozone.

For your information, now South Korea's central bank has raised borrowing costs at 1.25 percent in five steps since July last year. (GoFinance)