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South Korea Producer Prices Slip 0.2% In June - BoK
(RTTNews) - Producer prices in South Korea were down 0.2 percent on month in June, the Bank of Korea said on Friday - exceeding expectations for a decline of 0.3 percent following the 0.4 percent decline in May.
On a yearly basis, producer prices also fell 0.2 percent versus forecasts for a gain of 0.1 percent following the 0.5 percent increase in the previous month.
Individually, prices for agricultural, forestry and marine products shed 1.3 percent on month and 1.5 percent on year, while manufacturing products were down 0.6 percent on month and 4/7 percent on year, utilities climbed 1.8 percent on month and 22.9 percent on year and services rose 0.1 percent on month and 2.4 percent on year.
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Bank Of Korea Keeps Rates Steady
The Bank of Korea maintained its interest rate on Thursday as rising house prices and household debt pose risks to the financial stability amid escalating trade tensions weighing on economic growth outlook. The Monetary Policy Board decided to leave the Base Rate unchanged at 2.50 percent.
The bank had previously reduced the benchmark rate by a quarter-point each in May and February.
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South Korea Consumer Prices Unchanged In June
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South Korea June Trade Surplus $9.08 Billion
South Korea posted a merchandise trade surplus of $9.08 billion in June, Statistics Korea said on Tuesday.
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South Korea Industrial Output Sinks 2.9% In May
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South Korea Consumer Sentiment Strengthens In June
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South Korea Export Prices Sink 3.4% In May
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