Bank of Korea sees inflation staying stable for time being

09/02/2024

Less than a minute

2024.09.02 21:01

© Reuters. FILE PHOTO: The logo of the Bank of Korea is seen in Seoul, South Korea, November 30, 2017. REUTERS/Kim Hong-Ji/File Photo

SEOUL (Reuters) – 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.

09/02/2024

Less than a minute

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