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South Korea Inflation Slows To 3.7% On Year In April
(RTTNews) - Consumer prices in South Korea were up 3.7 percent on year in April, Statistics Korea said on Tuesday - touching a 14-month low.
The April reading was in line with expectations and was down from 4.2 percent in March.
On a monthly basis, consumer prices rose 0.2 percent - unchanged from the March reading and in line with expectations.
Core CPI, which excludes the volatile prices of food, climbed an annual 4.6 percent. That matched forecasts and was down from 4.6 percent in the previous month. On a monthly basis, core CPI was up 0.4 percent after rising 0.2 percent a month earlier.
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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 Has $12.37 Billion Current Account Surplus
South Korea posted a current account surplus of $12.37 billion in December, the Bank of Korea said on Thursday - up from the upwardly revised $10.05 billion surplus in November (originally $9.30 billion).
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South Korea Inflation Jumps 2.2% On Year In January
Consumer prices in South Korea were up 2.2 percent on year in January, Statistics Korea said on Wednesday - exceeding expectations for 2.0 percent and accelerating from 1.9 percent in December.
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South Korea Manufacturing Sector Expands In January - S&P Global
The manufacturing sector in South Korea bounced back up into expansion territory in January, the latest survey from S&P Global revealed on Monday with a PMI score of 50.3.
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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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South Korea Q4 GDP Climbs 0.1% On Quarter
South Korea's gross domestic product improved a seasonally adjusted 0.1 percent on quarter in the fourth quarter of 2024, the Bank of Korea said on Thursday.
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