UK's Industrial Sector Faces Setback: November Sees a 0.4% Drop in Production
The UK's industrial production output saw a 0.4% decline in November, as reported by the Office for National Statistics, signaling potential challenges for the economy.
Economy News
FSS Governor Lee Urges Comprehensive Risk Management Amidst Interest Rate Freeze
FSS Governor Lee Bok-hyun emphasizes the need for comprehensive risk management and detailed countermeasures amidst delayed interest rate cuts due to external uncertainties. He cal...
Bank of Korea Holds Interest Rates Steady at 3% Amid High Exchange Rate Concerns
The Bank of Korea has decided to keep the base rate unchanged at 3% due to concerns over a high exchange rate. Governor Rhee Chang-yong discussed the impacts of a strong U.S. dolla...
South Korea's Central Bank Holds Steady: Base Rate Frozen at 3% Amid Global Economic Shifts
The Bank of Korea has decided to freeze the base rate at 3% amidst economic uncertainties, including exchange rate volatility and political instability. Additionally, it has expand...
Bank of Korea Holds Steady: Key Interest Rate Remains at 3% Amid Market Speculations
The Bank of Korea has decided to keep its benchmark interest rate unchanged at 3%, contrary to market expectations. This decision reflects the central bank's cautious stance amid c...
December Sees Australia's Unemployment Rate Climb to 4%, Defying Job Growth Expectations
Australia's unemployment rate rose to 4% in December, despite a significant job growth of 56,300 positions. Full-time employment decreased, while part-time jobs surged, and the par...
December Sees a 3.8% Surge in Japan's Producer Prices Amid Economic Shifts
Japan's producer price index rose by 3.8% in December, meeting expectations. Export prices increased by 0.7% annually, while import prices fell by 3.3%, reflecting the nuanced stat...
Slight Uplift in US Economic Activity: Insights from the Latest Fed's Beige Book
The latest Federal Reserve Beige Book reports a slight to moderate increase in US economic activity, with mixed employment trends across Districts and cautious manufacturing sector...
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