Nvidia-Fueled AI Boom Persists as Bank of Korea Raises Rates Again
The Bank of Korea lifted rates by 25 basis points to 3% for a second straight meeting, while raising growth forecasts. The move responds to inflation that remains above the 2% target, with the CPI up 2.8% in July and projected to cool gradually. Nvidia’s second-quarter results point to an AI boom that shows no signs of ending soon.