Data base date: June 17, 2026
The Bank of Korea announced data on the inspection of the price stability target operation status on June 17 and held a press briefing. The price stability target is a mid- to long-term standard for monetary policy, and the Bank of Korea is operating with a target of 2% consumer price inflation.
It is difficult to determine the direction of interest rates based solely on the current price level. This is because policy judgments can vary depending on whether it is a temporary change in energy and food prices or a continuous trend spreading to service prices and wages.
Households should look at living prices and loan interest rates, and companies should look at costs, wages, and exchange rates. Price inspection data is more meaningful than short-term numbers in understanding the path and risk factors of future growth rates.
Data source: Inspection of Bank of Korea's price stability target operation status