The Bank of Korea's decision to carry out back-to-back interest rate hikes in August was a more contentious affair than the headline vote suggested, meeting minutes released on Tuesday showed, signaling divisions that could slow the future tightening pace.
The Bank of Korea's Monetary Policy Committee raising the base interest rate in August, following July, is due to concerns over rising inflationary pressures expected for a considerable period amidst expectations of strong growth until next year.