Bank Of Korea Keeps Rates At 2.75%, China Inflation Dips Further, U.S. Import Prices Rise

From Seoul latest economic news, Bank Of Korea Keeps Rates At 2.75%, The Bank of Korea's monetary policy board on Friday decided to keep the nation's benchmark interest rate unchanged at 2.75 percent

Asian economic leader, China Inflation Dips Further In October, China's inflation dropped to its weakest level in nearly three years in October amid slowing growth in food prices, leaving ample room for policymakers to continue policy easing to stimulate economic growth

Latest economic news from Sidney, Reserve Bank of Australia Trims GDP Forecast On Weak Mining Outlook, The Reserve Bank of Australia on Friday revised down its 2013 economic growth forecast, largely reflecting reduced investment in the mining sector due to a drop in commodity prices. The central bank now expects the gross domestic product to grow 2.25-3.25 percent in calendar year 2013, weaker than 2.75-3.25 percent growth predicted in August, according to quarterly Statement on Monetary Policy

Britain's economic data, U.K. September Trade Gap Narrows More Than Forecast, U.K. trade improved in September underscoring the fact that exports played a major role in economic rebound in the third quarter. Largely due to an increase in exports, the trade in goods resulted in a smaller deficit of GBP 8.4 billion in September compared to a GBP 10 billion shortfall in August, a report published by the Office for National Statistics showed Friday

Meanwhile, U.S. Import Prices Rise More Than Expected In October, With fuel prices showing a continued increase, the Labor Department released a report on Friday showing that U.S. import prices rose by more than expected in the month of October