Bank of Korea governor says core inflation to near 2% target in 2028
Briefing by News4U · First published
Governor Shin Hyun-song said core inflation will stay above target next year and approach 2% around 2028.
Sina Finance reported that Bank of Korea Governor Shin Hyun-song told reporters after the monetary-policy decision on 22 October that the bank’s August forecast of 2.5% core inflation for next year now looks too low and the actual rate is expected to be higher. [1]
The governor said the bank’s price-stability goal remains 2% and that policy will seek to reach it gradually while also considering growth, rather than forcing a rapid return to target. [1]
Sources
- 韩国央行行长：核心通胀2028年有望接近2%目标
Sina Finance · · Full text