South Korea Inflation Unchanged On Month In October

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South Korea Inflation Unchanged On Month In October

(RTTNews) - Consumer prices in South Korea were flat on a seasonally adjusted monthly basis in October, Statistics Korea said on Tuesday.

The was shy of expectations for an increase of 0.2 percent and down from 0.1 percent in September.

On an annualized basis, inflation was up 1.3 percent - again missing forecasts for 1.4 percent and down from 1.6 percent in the previous month.

Core CPI added 0.2 percent on month and 1.8 percent on year after slipping 0.2 percent on month and gaining 2.0 percent on year in September.

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Bank Of Korea Stands Pat On Rates, Lifts 2025 Growth Outlook

Bank Of Korea Stands Pat On Rates, Lifts 2025 Growth Outlook

The Bank of Korea left its interest rate unchanged on Thursday as economic growth improved moderately despite high uncertainty surrounding the outlook. The Monetary Policy Board decided to hold the Base Rate at 2.50 percent. The central bank had previously lowered the benchmark rate by a quarter-point each in May and February.
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