South Korea Producer Prices Rise 0.1% In June

RTTNews | 47 days ago
South Korea Producer Prices Rise 0.1% In June

(RTTNews) - Producer prices in South Korea were up 0.1 percent on month in June, the Bank of Korea said on Tuesday - after slipping 0.4 percent in May.

Individually, prices for agricultural, forestry and marine products rose 0.6 percent on month, while manufacturing products were flat, utilities eased 0.1 percent and services rose 0.3 percent.

On a yearly basis, producer prices rose 0.5 percent - accelerating from 0.3 percent in the previous month.

Individually, prices for agricultural, forestry and marine products added 1.7 percent on year, while manufacturing products sank 0.9 percent, utilities jumped 4.6 percent and services rose 1.3 percent.

read more
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 | 10 days ago