SEOUL (Reuters) – South Korea’s consumer prices rose 2.1% in March from a year earlier, after a rise of 2.0% in February, government data showed on Wednesday.
That was also slightly higher than a median 2.0% increase forecast in a Reuters poll of economists.
The Bank of Korea, which targets inflation at 2.0% in the medium term, lowered interest rates by 25 basis points at its last meeting in February to support economic growth and said there would be more cuts this year.
(Reporting by Jihoon Lee; Editing by Chris Reese)
