Central banks start lifting interest rates

Central banks start lifting interest rates — — -Brussels (Brussels Morning) A number of central banks are moving away from crisis policies and lifting interest rates to beat back inflation.

The South Korean central bank upped its benchmark interest rate by 0.25 percentage points on Thursday in response to a surge in household debt, making it the first large central bank in Asia to increase the interest rate since the start of the coronavirus pandemic, according to Reuters reporting on Friday.