"South Korea's inflation" hits the lowest level in 14 months, the Bank of Thailand plans to cut interest rates.
On May 2, 2566, Reuters news agency reported that South Korea's consumer inflation slowed for the third month in a row to a 3-month low in April 14, and the central bank expects the downtrend to last for some time.
The Consumer Price Index (CPI) in April rose 3.7% from a year earlier. Korean statistics released on Tuesday This was the slowest growth since February of last year and was up 4.2% in March. That coincided with a 3.75% increase in a Reuters poll.
The Bank of Korea (BOK) issued a wide-ranging statement. Although it stressed that uncertainty remains high over the future path of inflation, it said “consumer price growth will show a clear slowing trend through the middle of this year. Meanwhile, core inflation growth will show a trend of easing at a slower rate than headline inflation.”
By the core inflation rate This does not include food and energy items that fluctuate. Stable for the third month in a row at 3% in April of every year. Analysts said the central bank's hawkish comments supported their expectations to cut or consider cutting interest rates later this year.
Kim Myoung-sil, a fixed income analyst at HI Investment & Securities, said, “Inflation is expected to fall below 3% in the third quarter, and the Bank of Korea will consider cutting interest rates soon thereafter.”
