Bank of Korea minutes highlight inflation fears
The Bank of Korea left its base rate unchanged at 3.25% on April 27 due to concerns about inflationary pressures, according to minutes of the financial council meeting released on May 3. The central bank stated that with growth remaining "sound" achieving the mid-point of its inflation target remained a priority.
Despite consumer price inflation falling to 2.6% in March, this decline was aided by direct government subsidies for childcare costs. The Bank of Korea remains concerned about
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