SEOUL (Reuters) – South Korea’s central bank said on Friday the country’s annual consumer inflation rate might fall to the 2% level, before rebounding to around 3% by the end of the year.
The Bank of Korea said in a statement that uncertainties were high over the future inflation path, citing global oil prices, external and internal economic growth, and public utility price increases.
(Reporting by Jihoon Lee; Editing by Ed Davies)
