South Korea's consumer inflation faltered to its slowest on record in Augus...
SEOUL - South Korea’s consumer inflation faltered to its slowest on record in August while second quarter economic growth was revised down on weaker exports, firming up the case for central bank rate cuts as early as next month.
The consumer price index was unchanged in August from a year earlier, Statistics Korea data showed, missing the 0.2% rise tipped in a Reuters survey and marking the weakest pace since the country began releasing inflation data in 1965. Despite this assurance, treasury bond prices rose broadly with the benchmark 10-year yield KR10YT=RR shedding 1.5 basis points to 1.285% as of 0228 GMT, far below the central bank’s policy rate of 1.50%.
South Korea’s inflation has been extremely weak by historical standards and a long way off the central bank’s 2%target as consumers and companies tighten their spending.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Netflix Orders South Korean Original Series 'Round Six'The drama about a survival game whose winner gets $10 million will be produced by award-winning director Hwang Dong-Hyuk.
Leer más »
U.S.-China Trade War Takes Toll on South Korea and JapanThe economies of China’s neighbors are suffering from China’s trade war with the U.S., starting with manufacturers of high-tech equipment
Leer más »
South Korea August factory activity shrinks at slower pace than July: PMISouth Korea's factory activity shrank in August but at a slower pace than i...
Leer más »
South Korea Aug inflation hits record low, 2Q GDP downgradedSouth Korea's year-on-year inflation in August dipped to an all-time low as...
Leer más »
South Korea August exports tumble for ninth month as world economy coolsSouth Korea's exports tumbled in August for a ninth consecutive month, on s...
Leer más »
Netflix Preps Korean Mystery Drama ‘Round Six’ From ‘The Crucible’ Director Hwang Dong-hyukThe Crucible director Hwang Dong-hyuk is making a Korean drama for Netflix. The SVOD service has commissioned mystery drama Round Six. The series, which is the company’s latest Asian original, is a…
Leer más »