Bank of Korea raises benchmark interest rate by smaller margin of 25 basis points to 3.25%

South Korea's central bank has raised its benchmark interest rate once again, but this time by a smaller amount at 25 basis points.
It's trying to get inflation under control, but at the same time, there are signs inflation may have peaked.
Plus, it looks like the U.S. Federal Reserve might not be raising rates as fast either.
But in terms of economic growth, the BOK is the latest to project the local economy to grow by less than two percent next year.