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)
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