South Korea central bank chief says inflationary pressure easing
SEOUL - South Korea's central bank governor said on Tuesday the pace of consumer inflation is likely to continue to slow, feeding expectations the Bank of Korea will start cutting interest rates towards the end of this year.
Inflationary pressure from domestic demand is likely to stay contained, while exports growth is expected to take the driver's seat in the economy seen growing 2.5% this year, he added. The BOK extended its interest rate pause for an 11th straight meeting in May, keeping it restrictive after raising rates by a cumulative 300 basis points to 3.50% since mid-2021.
The BOK also noted that although inflation is headed towards its target rate of 2%, the cost of living in Asia's fourth largest economy remains elevated compared to other major countries.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Korea blares K-pop at North Korea as payback for dirty balloonsNorth Korea warned of a 'new counteraction' on Monday and called South Korea's latest actions 'a prelude to a very dangerous situation.'
Read more »
North Korea is installing loudspeakers along border, South Korea saysSouth Korea’s military suspects North Korea is installing loudspeakers along their border after the South played anti-Pyongyang propaganda over its speakers for the first time in years.
Read more »
South Korea says North Korea is installing its own loudspeakers along the borderSouth Korea’s military says it’s detecting signs that North Korea is installing its own loudspeakers along their border, a day after the South blared anti-Pyongyang propaganda broadcasts over its speakers for the first time in years
Read more »
South Korea says North Korea is installing its own loudspeakers along the borderSouth Korea’s military says it’s detecting signs that North Korea is installing its own loudspeakers along their border, a day after the South blared anti-Pyongyang propaganda broadcasts over its speakers for the first time in years.
Read more »
South Korea says North Korea is installing its own loudspeakers along the borderSouth Korea’s military says it’s detecting signs that North Korea is installing its own loudspeakers along their border, a day after the South blared anti-Pyongyang propaganda broadcasts over its speakers for the first time in years.
Read more »
South Korea says North Korea is installing its own loudspeakers along the borderSouth Korea’s military says it’s detecting signs that North Korea is installing its own loudspeakers along their border, a day after the South blared anti-Pyongyang propaganda broadcasts over its speakers for the first time in years.
Read more »