South Korea GDP Shrinks 0.3% In Q4

RTTNews | 234 days ago
South Korea GDP Shrinks 0.3% In Q4

(RTTNews) - South Korea's gross domestic product contracted a seasonally adjusted 0.3 percent on quarter in the fourth quarter of 2025, the Bank of Korea said in Thursday's preliminary reading.

That missed expectations for an increase of 0.1 percent following the 1,3 percent gain in the previous three months.

On an annualized basis, GDP rose 1.5 percent - again missing forecasts for 1.9 percent and down from 1.8 percent in the third quarter.

For all of 2025, GDP was up 1.0 percent - slowing from 2.0 percent in 2024.

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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