South Korea. Inflation will not grow
According to the announcement of the South Korea’s Vice Finance Minister the consumer inflation in the country will not overcome the level predicted in July as the oil prices have decreased sharply. He has also said that foreign exchange controlling bodies will interfere the situation in case national currency - won, will grow rapidly and the government still works on the stabilizing prices policy.
However these statements differ from the announcements made by other officials like Finance Minister who said about still high inflation rates in spite of the decreased oil prices. Last month showed the largest growth of the consumer prices in the country that have increased 5.9% in comparison with year ago data.
Vice Finance Minister has also expressed his thoughts about the foreign exchange. Due to his words the government of the country will provide the conditions that will make it possible for foreign exchange rates to show the fundamentals and correspond to current supply and demand levels.
