Bank of Korea Governor Rhee Chang-yong said on July 16 that the central bank will raise the interest rate on its special lending program, according to a BlockBeats news flash. The brief item did not include the size of the increase, the timing of the change, or any additional policy details. No further explanation on the scope of the program or the reason for the adjustment was provided in the source text. The update was published as a 7x24 market flash, with the statement limited to the governor’s remark on the planned rate increase.
According to a BlockBeats news flash on July 16, Bank of Korea Governor Rhee Chang-yong said the central bank will raise the interest rate on its special lending program.
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