South Korea Inflation Slows To 1.6% On Year In September
(RTTNews) - Overall consumer prices in South Korea were up 1.6 percent on year in September, Statistics Korea said on Wednesday.
That was in line with forecasts and down from 2.0 percent in August.
On a seasonally adjusted monthly basis, inflation rose 0.1 percent - moderating from 0.4 percent in the previous month.
Core CPI, which excludes the volatile costs of food, fell 0.2 percent on month and added 2.0 percent on year after rising 0.1 percent on month and 2.1 percent on year in August.
read more
Bank Of Korea Cuts Key Rate For First Time In More Than 4 Years
The Bank of Korea lowered its base rate for the first time in more than four years on Friday, in order to stimulate economy as inflation weakened to the lowest since early 2021 and household debt began to slow on tight macroprudential policies. The Monetary Policy Board headed by Rhee Chang Yong decided to cut the Base Rate by 25 basis points to 3.25 percent from 3.50 percent.
RTTNews
|
vor 6 Tagen
South Korea August Current Account Surplus $6.60 Billion
South Korea had a current account surplus of $6.60 billion in August, the Bank of Korea said on Tuesday - down from $8.97 billion in July.
RTTNews
|
vor 9 Tagen
South Korea Has $6.66 Billion Trade Surplus
South Korea posted a merchandise trade surplus of $6.66 billion in September, the Customs Office said on Tuesday.
RTTNews
|
vor 16 Tagen
South Korea Industrial Output Climbs 1.2% In August
Industrial production in South Korea was up a seasonally adjusted 1.2 percent on month in August, Statistics Korea said on Monday.
RTTNews
|
vor 17 Tagen
South Korea Consumer Confidence Index Eases In September
Consumer sentiment in South Korea was slightly softer in September, the Bank of Korea said on Wednesday, with a Composite Consumer Sentiment Index (CCSI) score of 100.0 - down from 100.8 in August.
RTTNews
|
vor 22 Tagen
South Korea Producer Prices Ease 0.1% In August
Producer prices in South Korea were down 0.1 percent on month in August, the Bank of Korea said on Tuesday - after adding 0.3 percent in July.
RTTNews
|
vor 24 Tagen
South Korea July Current Account Surplus $9.13 Billion
South Korea posted a current account surplus of $9.13 billion in July, the Bank of Korea said on Friday - down from $12.26 billion in June.
RTTNews
|
vor 41 Tagen
South Korea GDP Shrinks 0.2% In Q2
South Korea's gross domestic product contracted a seasonally adjusted 0.2 percent on quarter in the second quarter of 2024, the Bank of Korea said on Thursday.
RTTNews
|
vor 42 Tagen
