BOK says Middle East-linked extra budget unlikely to fuel inflation

The Bank of Korea said a supplementary budget being discussed to cushion the economic fallout from the war in the Middle East is unlikely to significantly fan inflation, even as oil-driven cost pressures build. In data submitted to Rep. Cha Gyu-geun of the minor Rebuilding Korea Party and released Sunday, the central bank said the inflationary impact of an extra budget tied to the Middle East crisis would likely be limited. A supplementary budget can generally add upward pressure on prices by bo

By The Korea Herald