S.Korean banks' lending rate for households hits over 9-year high in July

SEOUL, Aug. 30 (Xinhua) -- South Korean banks' lending rate for households hit the highest in over nine years last month due to policy rate hikes, central bank data showed Tuesday.

The weighted average rate for new bank loans to households came in at an annualized rate of 4.52 percent in July, up 0.29 percentage points from the previous month, according to the Bank of Korea (BOK).

It marked the highest in