Go Finance Reporting SEOUL - South Korea (ROK) successfully registered a trade surplus higher than expected is USD2, 85 billion in February. These results supported a strong export pace despite high oil prices burdened imports and other commodities.
Initial figures showed the country's fourth largest economy in Asia remains strong, although there are downside risks in overseas markets. Some analysts said the South Korean Central Bank as the monetary authority has room to raise interest rates next week to control inflation.
"We hope these data will eliminate concerns South Korea's central bank against downside risks to growth, which increases the likelihood of rising interest rates in March," ING economist Tom Condon wrote in a research note quoted as saying by AFP.
South Korea's trade surplus data in line with the results surveyed by Dow Jones Newswires in which respondents state that a larger surplus than expected by economists who just $ 1, 11 billion.
In February, South Korean exports naik17, 9 percent from a year earlier to $ 38, 96 billion. While imports increased 16.3 percent to $ 36, 11miliar. Meanwhile, Barclays Capital estimates, the South Korean Central Bank will raise interest rates from 2.75 percent to 3.5 percent in July. (GoFinance)
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