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In this regard, analysts believe that within the 2-4 percent inflation target range of the latest CPI data off the set by the Bank of Korea is expected the bank to maintain the current benchmark interest rate unchanged at 2.5% in the short term World Steel Pipe News . Affected, South Korea's Kospi stock index rose 1.30 percent to 1929.32 points in December 1.
Korea National Statistical Office data released on December 1, Korea in November consumer price index (CPI) rose 3.3 percent, fell 0.6 percent. Year increase of less than 3 World Pipe network informed.6% in September and 4.1 percent in October, South Korean prices stabilizing trend.
Republic of Korea's inflation rate is slightly stabilized trend, but the Bank of Korea still need to pay close attention to the CPI data, which is still in high
Korea HI Investment & Securities Co. economist Pushan Yu. He also expects the bank will likely maintain the current benchmark interest rate to next year's February or March.
data show that South Korea in November, fish, vegetables, fruits and other fresh food price index rose sharply by 37.4 percent year on year, but the chain fell 11.3 percent. The South Korean Ministry of Finance said that due to bad weather led to reduced production of agricultural products affected, South Korea's October CPI rose a larger, but began to prices of agricultural products in November showing a trend of gradual stability, which makes the monthly CPI rose fell to around 3%.
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