September 03, 2024 at 01:25AM
South Korea’s central bank said on Tuesday that consumer inflation was expected to maintain the current stable trend for the time being.
The Bank of Korea said inflation was stabilising more quickly than in other major economies, in a statement released after data showed inflation reached the central bank’s target in August.
This in reference to the data earlier:
South Korea’s headline CPI in August has risen at its slowest y/y pace since March 2021
South Korea’s Vice Finance Minister says inflation expected to stabilise in lower 2% range
This article was written by Eamonn Sheridan at www.forexlive.com.
Bank of Korea sees inflation maintaining its current stable trend for the time being