SEOUL, Dec 31 : South Korea’s client inflation for 2025 slowed to 2.1 per cent from 2.3 per cent in 2024, official information confirmed on Wednesday, roughly in line with the Bank of Korea’s goal of two per cent to doubtlessly bolster the case for the financial institution to pause rates of interest on the present stage for longer.
The Bank of Korea on November 27 saved rates of interest unchanged at 2.50 per cent for a fourth straight assembly and signaled the financial institution might be nearing the tip of its present fee minimize cycle.
For December, the buyer worth index rose 2.3 per cent from a yr earlier, additionally in keeping with median forecasts of two.30 per cent.
The index elevated 0.3 per cent on a month-to-month foundation, in contrast with a 0.2 per cent rise anticipated by economists.