South Korea inflation slows to near three-year low, bolsters rate cut expectations

South Korea's headline inflation slowed to its weakest pace since July 2016...

SEOUL - South Korea’s headline inflation slowed to its weakest pace since July 2016 in March on declines in food prices and weaker service costs growth, adding pressure for policymakers to shift to an easing stance and ramp up stimulus.

The data adds to growing signs that Sino-U.S. trade tensions and slowing global demand are hurting sentiment in Asia’s fourth largest economy, and supports money market bets that the Bank of Korea may cut interest rates for the first time in three years. The inflation data comes after a recent batch of weak indicators, such as figures that showed exports contracted for a fourth month in March while February factory output shrank to a two-year low.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

South Korea's new unification minister seeks 'creative solution' to North Korea: U.S. stalemateSouth Korea's nominee for unification minister said on Tuesday he will seek...
Read more »

Ericsson is ramping up its 5G efforts in South KoreaEricsson is ramping up efforts to enable the deployment of 5G in South Korea through agreements with two of the country’s leading wireless telecoms.
Read more »

South Korea likely to miss its 2030 renewable energy target: WoodMacSouth Korea is likely to miss its 2030 renewable energy target even though the c...
Read more »

South Korea March exports contract for fourth month, puts policymakers on noticeSouth Korea's exports contracted for a fourth month in March but at a slowe...
Read more »

Hillary Clinton spokesman slams Pete Buttigieg for criticism of 2016 campaignA Hillary Clinton spokesman slammed South Bend Mayor Pete Buttigieg on Friday for comments he made in January about Clinton's 2016 presidential campaign
Read more »

S. Korean leader to meet with Trump in US on nuke diplomacySEOUL, South Korea (AP) — South Korea says its president will travel to the United States to meet with President Donald Trump for a summit on North Korean nuclear diplomacy. South Korean...
Read more »

Buttigieg has 'enormous respect' for Hillary Clinton, says she was 'ill-served' by strategy, media environment in 2016Democratic presidential hopeful Pete Buttigieg says he has 'enormous respect' for Hillary Clinton, and that in her 2016 presidential campaign she was 'ill-served by a strategy and media environment.'
Read more »