South Korea’s consumer inflation accelerated to a two-and-a-half-year high in June, driven by high global oil prices and a weaker South Korean won. The consumer price index (CPI) rose 3.2% from a year earlier, marking the biggest jump since December 2023.
The Bank of Korea’s monetary policy board is expected to consider an interest rate hike at its upcoming policy meeting on July 16, with around two-thirds of economists predicting at least one rate hike by the end of September.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
