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Inflation piles pressure on central bank to increase rates by 50 basis points for first time
Consumer price index rises 5.4% in May, adding further pressure on Asia’s fourth-biggest economy
War in Ukraine adds to post-pandemic pressures as commodity prices rise sharply
Consumer prices jump in Asia’s fourth-biggest economy amid Covid outbreak and supply chain turmoil
Restrictions to contain the virus blamed for economy expanding just 0.3% in third quarter
Fears over rising property prices and record household debt outweigh surging Covid threat
Second quarter GDP expands 5.9% year on year on exports and consumption rebound
GDP rises 1.1% in the fourth quarter despite December Covid-19 outbreak
Fears over growth trigger U-turn by President Moon Jae-in
Economy is struggling with global trade frictions and weaker memory chip prices
Governor points to Japan trade restrictions and deteriorating economic conditions
GDP data bring some relief to President Moon but annual figure is weakest in 6 years
Critics warn Bank of Korea’s move could accelerate economic slowdown
Hopes over thawing tensions with North Korea and a strong economy are set to push currency higher
Decision heralds tightening cycle on back of export-driven economic recovery
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