Saudi Arabia’s Voluntary Carbon Market Fuels the Shift to a Low-Carbon
Under UAE President’s directives, UAE launches urgent relief response for Ghana flood victims
Combating Desertification and Drought: Qatar a Model in Preserving Natural Resources, Establishing Environmental Stability
UAE allocates US$30 million for emergency humanitarian response in El Obeid, calls for civilian protection, safe humanitarian aid access in Sudan
Seoul, July 16 (QNA) – South Korea’s central bank delivered a quarter-percentage-point interest rate hike Thursday, as widely expected, to tackle high inflation amid lingering Middle East uncertainties.
The Bank of Korea (BOK) convened a Monetary Policy Board meeting and lifted the benchmark rate from 2.5 % to 2.75 %.
This marked the first rate increase since January 2023, when the central bank hiked the rate by 0.25 % to 3.5 % as part of its policy normalization to jump-start the pandemic-hit economy. (QNA)
