{
  "id": 7905517,
  "title": "BOK pressed to further raise key rate to track Fed's latest hike",
  "url": "https://urgent.news/2026/09/17/bok-pressed-to-further-raise-key-rate-to-track-feds-latest-hike-7905517",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T00:22:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/economy/20260917/bok-pressed-to-further-raise-key-rate-to-track-feds-latest-hike"
  },
  "original_language": "en",
  "account": "The Bank of Korea may face increasing pressure to raise its key interest rate further following the U.S. Federal Reserve's first rate hike in over three years, according to analysts. On Thursday, the Fed increased its benchmark interest rate by a quarter percentage point to the 3.75-4.00 percent range, signaling potential future hikes due to persistent inflation and high oil prices. This move widened the gap between U.S. and Korean interest rates by up to one percentage point.\n\nThe Bank of Korea had already lifted its benchmark rate to 3 percent over two consecutive meetings in July and August, marking the first consecutive rate hikes since January 2023. At that time, the central bank raised the rate at seven consecutive meetings starting in April 2022. Analysts believe that rising inflation, coupled with the rising currency rate and high household debt, will compel the Bank of Korea to further increase its benchmark rate this year.",
  "summary": "The Bank of Korea is likely to come under growing pressure to further raise its benchmark rate after the U.S. Federal Reserve delivered its first rate hike in over three years to combat rising inflation, watchers said Thursday. Overnight, the Fed raised its benchmark interest rate by a quarter percentage point in its first hike since July 2023 to the 3.75-4.00 percent range while signaling the…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 8,
    "also_reported_by": [
      {
        "outlet": "Business Insider",
        "title": "What smart people in business and economics are saying about the Fed interest rate hike",
        "url": "https://urgent.news/2026/09/16/what-smart-people-in-business-and-economics-are-saying-about-the-fed",
        "published": "2026-09-16T22:30:30.000Z"
      },
      {
        "outlet": "Gulf News",
        "title": "Trump demands 1% US interest rate after Fed delivers first hike in three years",
        "url": "https://urgent.news/2026/09/16/trump-demands-1-us-interest-rate-after-fed-delivers-first-hike-in",
        "published": "2026-09-16T22:36:26.000Z"
      },
      {
        "outlet": "CNBC World",
        "title": "Stock futures rise after Fed's rate hike spurs a market sell-off: Live updates",
        "url": "https://urgent.news/2026/09/16/stock-futures-rise-after-feds-rate-hike-spurs-a-market-sell-off-live",
        "published": "2026-09-16T23:16:49.000Z"
      },
      {
        "outlet": "Channel News Asia",
        "title": "Trump lashes out at Fed after Warsh backs rate hike; says rates should be '1% or less'",
        "url": "https://urgent.news/2026/09/16/trump-lashes-out-at-fed-after-warsh-backs-rate-hike-says-rates-should",
        "published": "2026-09-16T23:21:00.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "Hong Kong follows US Fed with first rate hike in over three years",
        "url": "https://urgent.news/2026/09/16/hong-kong-follows-us-fed-with-first-rate-hike-in-over-three-years",
        "published": "2026-09-16T23:58:20.000Z"
      },
      {
        "outlet": "Yonhap News",
        "title": "Seoul stocks open higher despite first Fed rate hike in over 3 yrs",
        "url": "https://urgent.news/2026/09/17/seoul-stocks-open-higher-despite-first-fed-rate-hike-in-over-3-yrs",
        "published": "2026-09-17T00:03:48.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Seoul stocks open higher despite first Fed rate hike in over 3 years",
        "url": "https://urgent.news/2026/09/17/seoul-stocks-open-higher-despite-first-fed-rate-hike-in-over-3-years",
        "published": "2026-09-17T00:22:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}