Reported about 13 hours ago
The Bank of Korea has indicated that U.S. tariffs may create domestic downward price pressures as more Chinese goods are diverted to neighboring markets. In its latest inflation report, the central bank maintained that inflation is expected to stay below the 2% target due to weak domestic demand, while noting that high export reliance on both the U.S. and China may exacerbate price declines. Furthermore, the bank emphasized the need for structural reforms in the retail sector to alleviate persistent food price inflation affecting consumer purchasing power.
Source: YAHOO