South Korea Has $0.30 Billion Trade Surplus

RTTNews | il y a 575
South Korea Has $0.30 Billion Trade Surplus

(RTTNews) - South Korea posted a merchandise trade surplus of $0.30 billion in January, the Customs Office said on Thursday.

That was shy or expectations for a surplus of $1 billion and down from the $4.46 billion surplus in December.

Exports surged 18.0 percent on year, beating forecasts for an increase of 15.0 percent and up sharply from 5.0 percent in the previous month.

Imports slumped an annual 7.8 percent versus expectations for a decline of 7.6 percent following the 10.8 percent drop a month earlier.

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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 22h 11min