Last week, the bank of Korea cut its headline inflation outlook for 2024 and 2025 to 2.3% and 1.9% respectively, down from 2.5% and 2.1%.

The pace of South Korea’s consumer inflation picked up less than expected and stayed below the central bank’s target for a third month, in a sign of price stability.

Swiss inflation rose slightly higher in November, albeit less than expected, remaining well within the Swiss National Bank's target range, official data showed on Tuesday. Swiss annual inflation inched upwards to 0.

North Korean leader Kim Jong Un said his country will “invariably support” Russia’s war in Ukraine as he met Russia's visiting defense chief.

Russia has fired around 60 North Korean missiles at Ukraine since the full-scale invasion began. Source: Andrii Cherniak, spokesperson for Defence Intelligence of Ukraine (DIU), in an interview with Donbas Realii (a Radio Liberty project).