Banco de Corea ve entorno débil y desinflacionario pero se mantiene en pausa

Genevieve Signoret & Patrick Signoret

El Banco de Corea ve un entorno débil y desinflacionario pero se mantiene en pausa. Había reducido su tasa de política monetaria en mayo a 2.50% desde 2.75%.

Del comunicado:

In Korea, consumption and facilities investment have declined but the Committee appraises economic growth to be continuing, albeit weakly, as exports have improved and construction investment has increased to a great extent. On the employment front, the number of persons employed has increased, centering around the 50-and-above age group and the service sector. Due to a slowdown in the uptrend in employment in the manufacturing sector, however, the increase was smaller in May than in the previous month. Going forward there is no change to the Committee’s forecast that the domestic economy will show a negative output gap for a considerable time, due mostly to the slow recovery of the global economy.

Consumer price inflation declined to 1.0% in May, from 1.2% the previous month, owing mainly to decreases in the prices of agricultural and petroleum products, while core inflation excluding agricultural and petroleum product prices rose to 1.6%, from 1.4% in April. The Committee forecasts that inflation will remain low for the time being, provided there are no occurrences of exceptional factors on the supply side such as fluctuations in the prices of international oil and agricultural products.