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(EDITORIAL from Korea Herald on Sept. 2)

Economic recoveries tend to look better from a distance. South Korea is enjoying...

  • South Korea's economic recovery uneven, with inflation rising to 2.8% YoY in July
  • Poorer households face higher food price increases (13.2% for rice) vs. 1.8% for wealthiest 20%
  • Debt adjustment programs see 97,200 enrollments, emergency loans highest since 2022

RBNZ set to raise interest rate to 2.75%

The Reserve Bank of New Zealand (RBNZ) is on track to deliver a follow-through interest rate hike, raising the Official Cash Rate (OCR) by another 25 basis points (bps) from 2.50% to 2.75% on…

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