Korea widens inflation target range

Bank of Korea, Seoul

The Bank of Korea said on Thursday it would widen its inflation target band to between 2% and 4% starting next year. Its previous target band, set in 2007, was 2.5%-3.5%.

"If a need arises to adjust the inflation target owing to factors such as unexpected foreign and domestic economic shocks, or changes in economic conditions, it will be reset in consultation with the government," the central bank said.

While the core target value, at 3%, remains the same, the central bank has effectively given

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: