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
Wed, Mar 04, 2015 - 5:50 AM
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.
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...