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South Korea inflation in June rose fastest in nearly 24 years - Nikkei Asia

Nikkei Asia LogoNikkei Asia1 mo ago

South Korea inflation in June rose fastest in nearly 24 years - Nikkei Asia

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Even so, analysts have been warning that household debt at a record level and slowing export growth mean the BOK should not rush rate hikes.

The BOK sees the inflation trajectory higher than projected earlier and said it would closely assess debt repayment burdens to determine whether a half-percentage point hike would be appropriate.

Many market watchers speculate the BOK would want to keep the rate spread between South Korea and the United States in check to slow any capital outflows.


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Article Details

Author / Journalist: Staff Writer

Category: InvestingFinanceAsia

Topics: July Basis Inflation June Hike Korea Data Bank Central Rate Point

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-05, 00:41:00

News Timezone: GMT +9:00

News Source URL: asia.nikkei.com

Language: English

Reading Time: 4 minutes read

Article Length: 574 words

Coverage Area: Japan

Availability: Desktop Web, Mobile Web

News ID: 30004

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About Nikkei Asia

Nikkei Asia Logo

Main Topics: InvestingFinanceAsia

Official Website: asia.nikkei.com

Update Frequency: 31 posts per day

Year Established: 1876

Headquarters: Japan

News Last Updated: 8h ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +9:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #19

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