South Korea Oct CPI +2.8% y/y, second month in 2% range

South Korea's consumer prices rose 2.8% year-on-year in October, matching the prior month and staying within the 2% range for a second consecutive month. The data suggests inflation is stabilizing near the Bank of Korea's target, reducing pressure for further rate hikes. This supports a steady policy stance, with implications for the won and Korean bond yields.

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