South Korea's exports likely saw another month of double-digit contraction ...
SEOUL - South Korea’s exports likely saw another month of double-digit contraction in November, with few signs of recovery in semiconductors and Chinese demand, though the Bank of Korea is forecast to keep its key interest rate unchanged at its last meeting of the year, a Reuters poll showed on Wednesday.
Economists have predicted year-on-year comparisons would start to moderate soon due to the calendar effect, unless global demand worsens. South Korean exports started falling in November last year. Economists also predicted South Korea’s consumer price inflation rate would rise to a median 0.5% in November on-year, after flatlining at zero in October and sliding 0.4% a month earlier.
In October, the central bank cut its policy interest rate for the second time in three months to 1.25%, matching a record low seen until late 2017, to support the faltering economy.
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