Bank of Korea: Weaker won puts pressure on economy


FILE PHOTO: A South Korea won note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration/File Photo

Seoul: The recent weakness of the South Korean won is expected to put more inflationary pressure on the country’s economy, driving up consumer prices, a central bank report says.

The Bank of Korea (BoK) assessed the sharp fall in the local currency likely pushed up the consumer price index for last month by 0.05 to 0.1 percentage point, according to its report submitted to representative Lim Kwang-hyun of the main opposition Democratic Party.

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Bank of Korea , currency , won

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