South Korea's central bank raised its benchmark interest rate for the first time in three-and-a-half years on Thursday and flagged more to come, as brisk growth in Asia's fourth-largest economy fanned inflation risks.
The seven-member monetary policy board at the Bank of Korea voted to raise the seven-day repurchase rate by 25 basis points to 2.75% to stabilise a slumping won and counter persistent inflationary pressure.
