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S Korea Inflation Jumps In February To A 27-Month High

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http://www.bbc.co.uk/news/business-12616870

South Korea's inflation rate has hit a 27-month high in February, driven by rising food and fuel costs.

The consumer price index rose by 4.5% in February, compared with the same month a year earlier, the statistical office said.

That is more than the central bank's maximum target of 4%.

Analysts said they expect the higher-than-forecast inflation will prompt the central bank to raise interest rates.

"In terms of economic indicators, the Bank of Korea has to raise interest rates this month," said Goh You-sun of Daewoo Securities.

However, he added that the central bank may find itself in a difficult position because of government concerns over the impact of high oil prices on South Korea's economic growth.

Mystic Merv can keep saying it's global. And if S Korean rates go up more hot money to flow in?

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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