Saturday, June 3, 2023
HomeEconomyBank of Korea expects long-term high inflation

Bank of Korea expects long-term high inflation

SEOUL (Reuters) – The Bank of Korea said it expects annual consumer inflation to remain high at 5-6% for quite some time, with upside risk.

The Bank of Korea listed a high dollar against the won and output cuts by major oil producers as upside risks after a meeting on Wednesday to discuss near-term inflation conditions and prospects.

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