South Korean consumer inflation slowed in May, reaching a 10-month low, potentially enabling rate cuts.
South Korea's stabilizing prices create a potential environment for rate cuts, according to a senior presidential official. South Korean consumer inflation slowed for the second consecutive month in May, reaching a 10-month low, with the consumer price index (CPI) standing at a 2.7% increase from the previous year. The official believes that improving exports combined with stabilizing prices could create favorable conditions for a rate cut.
June 16, 2024
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