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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
Published Tue, Mar 3, 2015 · 09:50 PM
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 the median estimate of 0.7 per cent in a Bloomberg News survey of 17 economists. Prices were unchanged from the previous month, versus projections for a 0.2 per cent gain.
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