South Korea March inflation +2.1% y/y, slightly above forecast
Tweet
Share
E-mail
FILE PHOTO: A woman shops at an underground shopping district in the Gangnam area of Seoul, South Korea, June 28, 2016. Picture taken June 28, 2016. REUTERS/Kim Hong-Ji/File Photo
SEOUL (Reuters) - South Korea's consumer prices rose 2.1% in March from a year earlier, after a rise of 2.0% in February, government data showed on Wednesday.
That was also slightly higher than a median 2.0% increase forecast in a Reuters poll of economists.
The Bank of Korea, which targets inflation at 2.0% in the medium term, lowered interest rates by 25 basis points at its last meeting in February to support economic growth and said there would be more cuts this year.
(Reporting by Jihoon Lee; Editing by Chris Reese)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Trump says he did not direct Bessent to intervene in bond market
- US appeals court throws out California, Giffords 'ghost guns' challenge
- TikTok agrees to $400 million US children's privacy settlement
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
