South Korea Producer Prices Slip 0.2% In November

RTTNews | 1360 days ago
South Korea Producer Prices Slip 0.2% In November

(RTTNews) - Producer prices in South Korea were down 0.2 percent on month in November, the Bank of Korea said on Thursday.

That follows the 0.5 percent increase in October.

Among the individual components, prices for agricultural, forestry and marine products dropped 3.2 percent on month, while manufacturing products eased 0.2 percent, utilities dipped 0.1 percent and services were flat.

On a yearly basis, producer prices climbed 6.3 percent - slowing from 7.3 percent in the previous month.

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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