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Mortgage Burden Likely to Get Heavier as BOK Lifts Key Rate

Mortgage Burden Likely to Get Heavier as BOK Lifts Key Rate

SEOUL, Nov. 30 (Korea Bizwire) — Households may have to cope with higher mortgage rates as the Bank of Korea (BOK) raised its key interest rate for the first time in a year, market watchers said Friday. In a widely anticipated move to cool property prices, the BOK lifted its key rate by 25 basis [...]