South Korea inflation and monetary policy cycle
The developments in this story so far, most recent first.
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· date approximate Development
South Korea's July Inflation Slows to 2.8%, Below Expectations
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· date approximate Background
South Korea's consumer price index rose 3.2% from a year earlier in June.
South Korea's consumer price index rose 3.2% in June from a year earlier.
The core consumer price index rose 2.5% in June from a year earlier.
The June reading was followed by a slowdown in July, when the index rose 2.8%.
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Date unknown Background
The Bank of Korea raised interest rates for the first time in three-and-a-half years.
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