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South Korea Export Prices Climb 2.0% In March
(RTTNews) - Export prices in South Korea were up 2.0 percent on month in March, the Bank of Korea said on Thursday - accelerating from the 0.8 percent gain in February.
On a yearly basis, export prices tumbled 6.4 percent after slipping 2.6 percent in the previous month.
Individually, export prices for agricultural, forestry and marine products were down 2.3 percent on month and 6.6 percent on year, while manufacturing products rose 2.0 percent on month and fell 6.4 percent on year.
Import prices were up 0.8 percent on month and down 6.9 percent on year after rising 1.9 percent on month and easing 0.7 percent on year in February.
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Bank Of Korea Cuts Policy Rate By 25 Bps
The Bank of Korea reduced its benchmark rate by a quarter-point on Tuesday as domestic political unrest and trade policies of the US government weighed on domestic demand and economic growth. The monetary policy board, governed by Rhee Chang Yong, decided to lower the Base Rate by 25 basis points to 2.75 percent. The decision matched expectations.
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South Korea Producer Prices Climb 0.6% In January
Producer prices in South Korea were up 0.6 percent on month in January, the Bank of Korea said on Thursday - accelerating from 0.4 percent in December.
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South Korea Industrial Production Climbs 3.6% In December
Industrial output in South Korea jumped a seasonally adjusted 4.6 percent on month in December, Statistics Korea said on Monday.
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South Korea Industrial Output Jumps 3.6% In December
Industrial production in South Korea was up a seasonally adjusted 4.6 percent on month in December, Statistics Korea said on Monday.
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