[BBC] South Korea becomes first major Asian economy to raise interest rates (from 0.5% to 0.75%)
It is the first time the Bank of Korea has raised its main interest rate for almost three years. The decision comes as the central bank attempts to balance helping to support the country's economic recovery against the risks of surging debt and rising inflation.
Note: Most countries that have raised the cost of borrowing so far this year have been in emerging economies that have seen inflation accelerate as demand for goods and services recovered.
****Canada no doubt, will be waiting for the US to sneeze, before catching the cold!***