South Korea’s inflation softened notably to the lowest in more than three years in August, adding chances of an interest rate cut next month. Consumer price inflation softened to 2.0 percent in August from 2.6 percent in July, Statistics Korea reported Tuesday. The rate came in line with expectations and hit the weakest level since March 2021, when the rate was 1.9 percent.
Read Full Story
Latest posts by Top News Editor (see all)
- Pound Rises On Strong U.K. Jobs Data - September 10, 2024
- UK Labor Market Cools In July - September 10, 2024
- China Exports Growth Beats Expectations; Imports Rise At Weaker Pace - September 10, 2024
