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S. Korea Feb. exports boost rate rise

03-01-2011 12:30 BJT

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South Korean exports in February rose more than expected from a year earlier. This has underlined sustained economic growth and boosted the case for an interest rate increase next month.

According to data released this morning from the Ministry of Knowledge Economy, exports last month rose nearly 18 percent, while imports grew 16.3 percent. Meanwhile, the government will also release CPI figures this week.

Analysts forecast February inflation in the Asian's fourth-largest economy will quicken to a 2-year high, and above the ceiling of the central bank's target band. This comes as the economy keeps expanding, and as global commodity prices have been on the rise.

Editor:Xiong Qu |Source: CNTV.CN

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