South Korea Export Prices Jump 6.2% On Year In April

RTTNews | 20 days ago
South Korea Export Prices Jump 6.2% On Year In April

(RTTNews) - Export prices in South Korea spiked 6.2 percent on year in April, the Bank of Korea said on Tuesday - accelerating from 2.6 percent in March.

Import prices rose an annual 2.9 percent after slipping 0.7 percent in the previous month.

The Export Volume Index was up 9.8 percent on year and the Import Volume Index rose 7.1 percent in April.

The Export Value Index spiked an annual 13.1 percent and the Import Value Index advanced 4.9 percent.

On a monthly basis, export prices jumped 4.1 percent and import prices gained 2.9 percent.

The terms of trade climbed 5.2 percent on year.

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Bank Of Korea Retains Key Rate; Lifts Growth Outlook

Bank Of Korea Retains Key Rate; Lifts Growth Outlook

The Bank of Korea maintained its benchmark rate unchanged again on Thursday and retained its hawkish stance toward future policy as it upgraded the economic growth outlook on improving global factors and the easing of sluggish domestic demand. The Monetary Policy Board unanimously decided to hold the Base Rate at 3.50 percent.
RTTNews | 11 days ago