South Korea Current Account Slips To Deficit In November

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South Korea Current Account Slips To Deficit In November

(RTTNews) - South Korea had a current account deficit of $0.62 billion in November, the Bank of Korea said on Tuesday - following the $0.883 billion surplus in October.

The goods account recorded a $1.57 billion deficit, down from the $6.07 billion surplus one year earlier.

The services account deficit increased from $0.27 billion one year earlier to $0.34 billion in November 2022, owing to a decrease in the transport account surplus.

The primary income account surplus increased from $1.17 billion last year to $1.43 billion in November 2022, in line with an increase in the income on equity.

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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 | il y a 23h 56min