South Korea Producer Prices Rise 0.3% In July

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South Korea Producer Prices Rise 0.3% In July

(RTTNews) - Producer prices in South Korea were up 0.3 percent on month in July, the Bank of Korea said on Thursday.

That was down from the upwardly revised 0.6 percent increase in June (originally 0.5 percent).

Individually, prices for agricultural, forestry & marine products rose 4.1 percent on month; manufacturing products fell 0.6 percent; utilities advanced 3.9 percent; and services rose 0.6 percent.

On a yearly basis, producer prices climbed 9.2 percent - down from the upwardly revised 10.0 percent spike in the previous month (originally 9.9 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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