South Korean consumer prices stayed well above the Bank of Korea’s (BOK) target last month, data released yesterday showed, keeping the pressure on policymakers to continue tightening as central banks move to tamp down inflation.
Consumer prices rose 3.6 percent from a year earlier, edging down from a 3.7 percent gain in December last year, according to BOK data, which ran hotter than economists had expected.
South Korean inflation has held above 3 percent since October last year, well in excess of the bank’s 2 percent target, suggesting that three rate hikes since August have so far failed to cool momentum in
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