South Korea in surprise interest rate rise

It is surprising for Korean people that the Korean central bank increased the interest rate from 2% to2.25%. It never happened before since the onset of the global financial crisis. South Korea is following Australia and Malaysia in raising interest rate. Countries such as UK still keep their rate in a low 0.5%. Moreover, the European Central Bank keeps their rate at 1%. They are not confident in economic recovery so they do not want to increase their rate. Korea is continuing its economic recovery. It is predicted that South Korea’s economy will grow at a fast rate. South Korea is the third largest economy in Asia. In my opinion, South Korea has a good economy and can grow must stronger than Thailand as you can see from their technology. They also have good entertainment business that export to many countries in Asia.

http://www.bbc.co.uk/news/10566547