BENGALURU—The Bank of Korea is likely to raise its policy rate back to where it was before the pandemic on Friday, a Reuters poll found, as it looks to restrain rising inflation and the increasing debt that households are taking on to buy property.
Twenty-five of 35 economists who answered a Jan. 5–11 Reuters poll said the BOK would raise its base rate by 25 basis points to 1.25 percent at its Jan. 14 policy meeting. This was its level in February 2020, just before the coronavirus crisis broke out.
