South Korea's headline inflation slowed to its weakest pace since July 2016...
SEOUL - South Korea’s headline inflation slowed to its weakest pace since July 2016 in March on declines in food prices and weaker service costs growth, adding pressure for policymakers to shift to an easing stance and ramp up stimulus.
The data adds to growing signs that Sino-U.S. trade tensions and slowing global demand are hurting sentiment in Asia’s fourth largest economy, and supports money market bets that the Bank of Korea may cut interest rates for the first time in three years. The inflation data comes after a recent batch of weak indicators, such as figures that showed exports contracted for a fourth month in March while February factory output shrank to a two-year low.
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