South Korea's Inflation Eases, Clearing Path for Rate Cut -- Update
South Korea's headline inflation eased at a sharper-than-expected pace to a 43-month low in September, bolstering the case for a rate cut by the central bank. The benchmark consumer-price index rose 1.6% from a year earlier, the slowest pace since February 2021, following a 2.0% gain in August, the country's statistics office said Wednesday.