South Korea Producer Prices Ease 0.1% In April

RTTNews | hace 105
South Korea Producer Prices Ease 0.1% In April

(RTTNews) - Producer prices in South Korea were down 0.1 percent on month in April, the Bank of Korea said on Friday - following the flat reading in March.

Individually, prices for agricultural, forestry and marine products fell 1.5 percent on month, while manufacturing products eased 0.3 percent, utilities rose 0.4 percent and services were up 0.2 percent.

On a yearly basis, producer prices rose 0.9 percent - easing from 1.3 percent in the previous month.

Individually, prices for agricultural, forestry and marine products fell 1.3 percent on year, while manufacturing products were flat, utilities jumped 5.7 percent and services were up 1.5 percent.

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Bank Of Korea Stands Pat On Rates, Lifts 2025 Growth Outlook

Bank Of Korea Stands Pat On Rates, Lifts 2025 Growth Outlook

The Bank of Korea left its interest rate unchanged on Thursday as economic growth improved moderately despite high uncertainty surrounding the outlook. The Monetary Policy Board decided to hold the Base Rate at 2.50 percent. The central bank had previously lowered the benchmark rate by a quarter-point each in May and February.
RTTNews | hace 7