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Article: KOREAN BANKS HIKE INTEREST RATES BY UP TO 0.11 PERCENTAGE POINTS.

Article from:
AsiaPulse News
Article date:
May 10, 2002
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SEOUL, May 10 Asia Pulse - Banks have increased lending interest rates by from 0.02 percentage points to as high as 0.11 percentage points following a boost in the call interest rate Tuesday, financial sources said Friday.

The interest rate on 91-day certificate of deposits, a standard rate for market interest rates, rose to 4.8 percent Wednesday from 4.69 percent Monday, a rise of 0.11 percentage points.

Koram Bank raised its interest rate linked to the CD interest rates by 0.11 percentage points, while Kookmin ...

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