SEOUL, Oct 5 Reuters South Korea39;s consumer inflation accelerated for a second month in September, above market expectations, official data showed on Thursday, supporting prospects of the central bank maintaining its restrictive policy for some time.

The consumer price index CPI stood 3.7 higher in September from a year earlier, after recording a 3.4 rise in August. Economists in a Reuters survey had expected the figure to stay unchanged.

It was the second consecutive month the annual rate quickened, from a 25month low of 2.3 in July, and marked the fastest annual rise in five months.

Finance Minister Choo Kyungho said after the data release that inflation would likely stabilise again from October with seasonal factors easing.

The central bank also said inflation, which was slightly higher in September than its projection, would still ease to around 3 by the end of the year.

With bond yields rising sharply recently and inflation data coming in above expectations two weeks before the next rate decision, it is unlikely the central bank will soften its hawkish stance, said Ahn Jaekyun, a fixedincome analyst at Shinhan Securities.

But, it was largely due to Chuseok thanksgiving holidays and high oil prices, while price pressures continuously eased in the services sector, which is more important from the policy perspective.

The Bank of Korea held interest rates steady for a fifth straight meeting at its last review in August, seeking to balance softer inflation and…