Korea suffering from ‘missing inflation’ – deputy governor

The Bank of Korea's senior deputy says the country has found itself with "missing inflation"

Core inflation is lagging behind overall economic development, according to Myun-Shik Yoon, senior deputy governor at the Bank of Korea.

Speaking in Seoul on November 3, Yoon said economic activity in Korea continues to improve steadily, thanks to the favourable global conditions and despite the recent uncertainties surrounding domestic and overseas conditions.

“But core inflation, which reflects our demand-side inflationary pressures, is still in the mid-1% range,” he noted.

Excluding food

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: