KOSPI plummets around 7% amid interest rate hike by the Bank of Korea... KOSDAQ 4% level↓
⚡ Quick Summary
(Seoul = Yonhap News) Reporter Lee Min-young = KOSPI is plummeting by more than 7% as the Bank of Korea raised the base interest rate on the 16th.
🗞️ 3 sources covered this story
[Breaking News] Bank of Korea raises base interest rate to 2.75% per annum... Austerity after 3 years and 6 months
한겨레
The Bank of Korea decides whether to adjust the base interest rate today... Increases have been announced several times in the past.
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Bank of Korea: “If the mortgage interest rate rises by 0.5%, the interest burden per person increases by 590,000 won per year.”
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