0314 GMT - The February slowdown in inflation and muted domestic demand will keep the Bank of Korea's easing cycle on track, Barclays's Bum Ki Son writes in a note. The economist expects South Korea's core inflation to continue to undershoot the BOK's target of 2%, the level around which its headline inflation now fluctuates. Though retail oil prices were higher than expected in February, recent declines in global crude oil prices should keep putting downward pressure over the next two months, he says. The BOK's next rate cut may come in May or be delayed until July, as a potential presidential election in May could prompt the BOK to wait and see, he adds. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
March 05, 2025 22:14 ET (03:14 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。