South Korea import prices post biggest surge in nearly 30 years as Shin warns on inflation
South Korea's import prices recorded their biggest jump in nearly three decades as the Iran war lifted oil costs and pressured the won, while central-bank nominee Shin warned inflation could accelerate and policy action may be needed if that persists.
From the sources (8 posts)
@reutersSouth Korea import prices rise at sharpest pace in over 3 years
@firstsquawkSouth Korea inflation is likely to accelerate, Bank of Korea governor nominee Shin says
@firstsquawkSouth Korea’s Bank of Korea governor nominee Shin says an overly weak won is not desirable
@firstsquawkSouth Korea’s Bank of Korea governor nominee Shin says stagflation risk in the country is low
@businessSouth Korea’s import prices posted their biggest surge in nearly three decades, underscoring the scale of cost pressures rippling through the economy as the Iran war spurs a spike in oil and weighs on the Korean won
@firstsquawkBank of Korea governor nominee Shin says policy action may be needed if Iran war-driven inflation pressures continue for an extended period
@firstsquawkSouth Korea’s Bank of Korea governor nominee Shin says March dollar–won movement was overly sharp, driven in part by FX forward activity
@firstsquawkSouth Korea’s Bank of Korea governor nominee Shin says close attention will be required on FX movements