Global banks raise Korea's inflation outlook on weak won

Major global investment banks are raising their inflation forecasts for South Korea, citing the depreciation of the won as weighing on consumer prices. A Bloomberg tally of projections from 37 major institutions showed that the median forecast for the country’s consumer price inflation next year rose to 2 percent as of mid-December, up 0.1 percentage point from late November. During the first two weeks of December, 14 institutions raised their inflation forecasts, while three lowered their proje