South Korea CPI recorded a significantly large month-on-month decline in April, economists at ANZ Bank apprise. USD/KRW is trading at 1,225.25.
Key quotes
“Headline and core inflation (excluding agricultural products and oil) contracted 0.6% and 0.2% m/m, respectively.”
“We expect the BoK to continue extending monetary policy support both via standard and non-standard measures. A policy rate at their May meeting, therefore, cannot be ruled out.”
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