South Korea's Vice Finance Minister says inflation expected to stabilise in lower 2% range

Data is here:

• South Korea's headline CPI in August has risen at its slowest y/y pace since March 2021

South Korea's Vice fin min comments after data showed consumer inflation hits its weakest in nearly three-and-a-half years.

This has boosted expectations for an imminent easing of monetary policy at the Bank of Korea's next meeting (October 11).