Korea’s Inflation Cools, Boosting Case for BOK to Cut Again

The pace of consumer inflation in South Korea slowed, giving the central bank added incentive to resume its rate-cut cycle as the trade-reliant economy braces for the impact from higher US tariffs.

Consumer prices rose 2.1% in July from a year earlier, slowing from a 2.2% clip in June, the statistics office reported Tuesday. The result matched consensus estimates of economists surveyed by Bloomberg.