Inflation expected to stay above 3% amid prolonged Middle East tensions: BOK

Inflation is projected to remain above the 3 percent level for the time being as the impact of high oil prices spills over into other sectors of the economy amid prolonged Middle East tensions, the central bank said Tuesday. "The inflation rate for June is expected to remain at a level similar to that of May, as the pace of petroleum product prices remains elevated," said Lee Ji-ho, director of the research department at the Bank of Korea, during a meeting to review inflation trends. "The rise i

By The Korea Herald