Tweaking policy: Pedestrians walk past the Bank of Korea headquarters in Seoul. The central bank is expected to hike rates to 1.25% in January and another in July. ― Bloomberg
SEOUL: The Bank of Korea (BoK) said it expects inflation this year to come in above its upward revision of just a week ago as consumer price gains exceeded all estimates in November, accelerating to the fastest pace since 2011.
Consumer prices rose 3.7% from a year earlier, the statistics office said yesterday, compared with a median forecast of 3.1%.
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