BOK Deputy Gov. Kim Woong speaks throughout a convention on the Financial institution of Korea in Jung District, Seoul, Aug. 22. Yonhap
The Financial institution of Korea (BOK) stated Tuesday it expects shopper inflation to stay secure in the interim, reinforcing views that the central financial institution could take into account a coverage pivot.
BOK Deputy Gov. Kim Woong made the remarks after shopper costs slowed to the bottom degree in practically three and a half years in August.
“Inflation is predicted to stay secure in the interim at a present degree until there’s a main shock from the availability facet,” Kim stated in a press release.
Final month, the BOK held its key price regular at 3.5 % for the thirteenth straight session on account of hovering house costs however opened the door for a coverage pivot this yr. (Yonhap)
