South Korea Producer Prices Rise 0.3% In February

RTTNews | 535 days ago
South Korea Producer Prices Rise 0.3% In February

(RTTNews) - Producer prices in South Korea were up a seasonally adjusted 0.3 percent on month in February, the Bank of Korea said on Friday - slowing from 0.5 percent in January.

Individually, prices for agricultural, forestry and marine products rose 0.8 percent on month, while manufacturing products were up 0.5 percent, utilities slumped 0.9 percent and services were up 0.2 percent.

On a yearly basis, producer prices climbed 1.5 percent - up from 1.3 percent in the previous month.

Individually, prices for agricultural, forestry and marine products rose 10.9 percent on year, while manufacturing products were up 0.3 percent, utilities rose 0.9 percent and services added 2.1 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.
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