Bank of Korea expects South Korea's consumer inflation to stabilize in the lower 2% range.

The Bank of Korea announced that consumer inflation in South Korea is expected to stabilize in the lower 2% range, following data showing the slowest annual CPI growth since March 2021. Inflation is stabilizing more rapidly than in other major economies, with the central bank's target reached in August. This trend raises expectations for a potential easing of monetary policy at the upcoming meeting on October 11.

September 03, 2024
5 Articles

Further Reading