Both central banks are expected to hold their benchmark policy rates.
— CNBC's Pia Singh and Alex Harring contributed to this reportSouth Korea's central bank held its benchmark policy rate at 3.5% — a rate that has been unchanged since the start of the year.
This is in line with expectations by economists surveyed in a Reuters poll — all 43 economists polled said they did not expect a change to the base rate.strengthened slightly against the greenback following the announcement, trading 0.1% lower at 1,325.11.producer price indexThis was lower than the revised figure of 0.3% in June and also the lowest rate of growth since December 2020.
The PPI tracks variations in the prices of goods shipped by industrial producers within the South Korean domestic market, and is a measure of inflation from the perspective of producers.CNBC Pro: ‘Dividend aristocrat’: Investors are getting more bullish on this sector, naming stocks to buy Stocks in the sector are an option for investors seeking inflation protection, says one strategist, who names one with"plenty of room to grow."Fund managers and other investors name stocks to buy.
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