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Aug 26, 2021
South Korea is first major economy to hike interest rates in pandemic era
It's the first time South Korea's central bank has raised its main interest rate for almost 3 years.
Anthony Wallace/AFP via Getty Images
From the BBC World Service: Like many central banks, the Bank of Korea is trying to balance the health challenges of COVID-19 with rising inflation concerns. South Korea is looking to curb household debt and soaring house prices. Plus, in India surging consumer prices, falling wages and a looming unemployment crisis are adding to its pandemic woes. And, Vietnam will send 2,000 soldiers to help contain a coronavirus outbreak in a manufacturing hub which is home to suppliers for Apple and Samsung.
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David Brancaccio
Host
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Host, BBC
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Producer, BBC
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Senior Producer
Erika Soderstrom
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