Let’s Try It And See What Happens

Let’s Try It And See What Happens

The Bank of Korea showed you can hike rates while virus cases are elevated without chancing an apocalyptic meltdown across markets. Thursday's quarter-point hike made South Korea the first major Asian economy to raise rates in the pandemic era. Contrary to the comically overwrought coverage on Bloomberg TV Wednesday evening in the US (when the decision came down), this isn't the kind of story that gets the adrenaline pumping and it certainly won't land above the fold in any western newspapers.
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