Category: Bank of Korea

South Korea’s Inflation Rate Jumps to Nearly 14-year High

The inflation rate in South Korea jumped to 5.4 percent in May from the previous year, hitting a near 14-year high amid soaring crude oil and commodity prices triggered by the Russia-Ukraine war. Statistics Korea reported Friday that consumer prices accelerated from an on-year increase of 4.8 percent in April, marking the fastest annual growth…


Bank of Korea Likely to Hike Rates Again Over High Inflation, Household Debt: Reuters Poll

BENGALURU—The Bank of Korea is likely to raise its policy rate back to where it was before the pandemic on Friday, a Reuters poll found, as it looks to restrain rising inflation and the increasing debt that households are taking on to buy property. Twenty-five of 35 economists who answered a Jan. 5–11 Reuters poll…