South Korea's inflation softened notably to the lowest in more than three years in August, adding chances of an interest rate cut as soon as next month.Consumer price inflation softened to 2.0 percent in August from 2.6 percent in July, Statistics Korea reported Tuesday. The rate came in line with expectations and hit the weakest level since March 2021, when the rate was 1.9 percent.Core inflation...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.