You are here

S Korea inflation eases to slowest pace in 15 years

Analysts say central bank will probably cut its seven-day repurchase rate to 1.75% from 2% in Q2

BT_20150304_KVSKOR4_1542600.jpg
Consumer prices in South Korea rose 0.5 per cent in February from a year earlier, lower than the median estimate of 0.7 per cent. Prices were unchanged from the previous month, versus projections for a 0.2 per cent gain.

Seoul

INFLATION in South Korea slowed to the weakest pace in more than 15 years amid declining energy-import costs and softness in domestic demand.

Consumer prices rose 0.5 per cent in February from a year earlier, Statistics Korea said in a statement on Tuesday. That's lower than