Arab Today, arab today south korean central bank expects accelerating inflation
Last Updated : GMT 12:18:19
Arab Today, arab today
Arab Today, arab today

South Korean central bank expects accelerating inflation

Arab Today, arab today

Arab Today, arab today South Korean central bank expects accelerating inflation

Seoul - XINHUA

South Korean central bank on Thursday expected the headline inflation to accelerate down the road, raising expectations for possible rate hike later this year. The Bank of Korea (BOK) said in a statement after the April monetary policy meeting that consumer prices would stay in the low level for the time being due to lower farm goods prices. Consumer prices rose 1.3 percent in March from a year earlier, higher than a 1 percent growth in the previous month. The consumer prices stayed below the BOK's mid-term inflation target band of 2.5-3.5 percent for 22 months in a row. Core consumer prices, which exclude agricultural and petroleum products, increased 2.1 percent on year in March, up from a 1.7 percent rise a month earlier. Market watchers expected the BOK to raise the benchmark interest rate as early as in the fourth quarter of this year as the U.S. Federal Reserve kept tapering its quantitative easing and hinted at the rate hike in the first half of next year. Kwon Young-sun, a senior economist at Nomura in Hong Kong, said in a report that the BOK will raise interest rates by 25 basis points to 2.75 percent in December 2014 given his view that the headline inflation will surge to 3.2 percent in the fourth quarter.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today south korean central bank expects accelerating inflation Arab Today, arab today south korean central bank expects accelerating inflation

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today south korean central bank expects accelerating inflation Arab Today, arab today south korean central bank expects accelerating inflation

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday