South Korea's rate hike suggests it's not too worried about Delta variant

On Thursday, the Bank of Korea raised its benchmark rate a quarter of a percentage point to 0.75%, citing worries about asset bubbles and other financial imbalances

The Bank of Korea has become the first advanced Asian economy to raise interest rates after the pandemic. This isn’t a one-and-done. When central banks start cutting or raising borrowing costs, they rarely pause after one move, because a single step gets little macroeconomic traction. Policy makers also face a public-relations debacle if they abandon new strategies quickly. So Governor Lee Ju-yeol would have thought long and hard before this decision. The question is whether the pandemic behaves.
 

On Thursday, the BOK raised its benchmark rate a quarter of a percentage point to 0.75%, citing worries about asset bubbles and