South Korea Q3 GDP Revised Up To 1.3% On Quarter

RTTNews | 286 days ago
South Korea Q3 GDP Revised Up To 1.3% On Quarter

(RTTNews) - South Korea's gross domestic product expanded a seasonally adjusted 1.3 percent on quarter in the third quarter of 2025, the Bank of Korea said on Wednesday.

That's up from the 1.2 percent increase suggested in last month's advance estimate following the 0.7 percent gain in the previous three months.

On an annualized basis, GDP was up 1.8 percent - which again showed an upward revision from 1.7 percent following the 0.6 percent increase in the three months prior.

Real gross national income (real GNI) increased by 0.8 percent in the third quarter of 2025 compared to the previous quarter.

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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 | 18 days ago