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The Nexus
BUSINESSAug 27 · 09:34 UTCMARKETWATCHJules Rimmer

Second straight rate hike for Asia’s number-three economy as Nvidia-led AI expansion continues

The Bank of Korea tightened monetary policy by 25 basis points to 3% while simultaneously raising growth forecasts. Asia’s third-largest economy is being powered by an AI boom, a technological expansion that Nvidia’s second-quarter results confirmed is continuing.

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Bank of KoreaorganizationNvidiaorganizationAsiaplacemonetary policytopicGrowth ForecaststopicAI boomtopic
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