The pace of South Korea’s consumer inflation picked up less than expected and stayed below the central bank’s target for a third month, in a sign of price stability.

Last week, the bank of Korea cut its headline inflation outlook for 2024 and 2025 to 2.3% and 1.9% respectively, down from 2.5% and 2.1%.

South Korea’s headline inflation was softer than expected in November and remained below the central bank’s 2% annual target, likely supporting its easy monetary policy

Swiss inflation rose slightly higher in November, albeit less than expected, remaining well within the Swiss National Bank's target range, official data showed on Tuesday. Swiss annual inflation inched upwards to 0.