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Inflation Target

Monetary Policy Department (Monetary Policy Planning & Coordination Team (Tel : 82-2-759-4461), Inflation Research Team (Tel : 82-2-759-4214)) 2004.01.08 2133

    In consultation with the government, the Monetary Policy Committee of the Bank of Korea has set a target range of 2.5~3.5 percent for the average rate of increase in core inflation* for the three year period 2004~2006.

    * The Consumer Price Index after stripping out non-cereal agricultural products and basic petroleum products.