Bank of Korea holds 2.5% rate and rolls out dot plot
SEOUL: South Korea’s central bank kept its benchmark interest rate unchanged at 2.50% on Thursday, maintaining the Base Rate as policymakers balanced a steady inflation backdrop with improving...
Tag : Bank of Korea
South Korea inflation eases to 2.0% in January
MENA Newswire, SEOUL: South Korea’s consumer inflation eased to 2.0% in January from 2.3% in December, as measured by the consumer price index, government data released Tuesday showed. The...
Electronic payments in Korea hit record high in 2024
Electronic payments in Korea reached a new record in 2024, signaling growing consumer adoption of contact-free financial transactions....
Korea’s foreign reserves hit five-year low despite monthly increase
South Korea’s foreign reserves increased slightly in December but fell to their lowest year-end level in five years, reflecting currency volatility, according to the Bank...
Asian markets struggle as China stocks tumble and Singapore GDP shows resilience
Asian markets mixed as China stocks drop on weaker manufacturing, while Singapore’s GDP grew 4% in 2024, reflecting economic resilience amid global uncertainties and trade...
External debt of South Korea rises to $32 billion
Government data showed Wednesday that South Korea’s external debt increased by $32.1 billion from a year earlier. According to the Bank of Korea (BOK) and...