South Korea Export Prices Rise 8.6% On Year In November

RTTNews | 1367 days ago
South Korea Export Prices Rise 8.6% On Year In November

(RTTNews) - Export prices in South Korea were up 8.6 percent on year in November, the Bank of Korea said on Thursday - slowing from 13.5 percent in October.

Import prices climbed an annual 14.2 percent, easing from 19.8 percent in the previous month.

On a monthly basis, export prices fell 5.2 percent and import prices fell 5.3 percent.

Individually, exports of agriculture products fell 2.1 percent on month and gained8.1 percent on year, while manufacturing products sank 5.2 percent on month and advanced 8.6 percent on year.

Imports of raw materials dropped 8.0 percent on month and surged 25.2 percent on year, while intermediate goods fell 4.0 percent on month and gained 9.2 percent on year, capital goods slipped 2.8 percent on month and rallied10.0 percent on year and consumer goods fell 3.0 percent on month and rose 7.0 percent on year.

read more
Bank Of Korea Hikes Key Rate For Second Straight Time

Bank Of Korea Hikes Key Rate For Second Straight Time

The Bank of Korea raised its benchmark rate by a quarter-point for the second straight meeting on Thursday, to prevent broadening of inflationary pressures. The Monetary Policy Board of the Bank of Korea voted 6-1 to raise the base rate by 25 basis points to 3.00 percent. The bank had lifted the rate by a quarter-point at the previous meeting in July.
RTTNews | 16 days ago