South Korea’s consumer prices for February grew at their slowest pace in 10 months, bolstering views that the central bank is done with its current policy tightening cycle after it held rates steady last month. | Reuters
“It was encouraging that the rising pace of private service prices slowed, lowering the possibility of additional rate hikes by the central bank, at least on the domestic side,” said Ahn Jae-kyun, a fixed-income analyst at Shinhan Securities.
The Bank of Korea said in a statement after the CPI release that the February data came in as expected and that the inflation rate would fall significantly in March on high base effects.
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