SEOUL, Aug 1 (Reuters) – South Korean exports in July grew
at their fastest annual clip in seven months, but relatively
subdued inflation and weakness in shipments to China kept alive
the prospect of an interest rate cut at this month’s central
bank policy review.
A combination of still-tepid global demand and weak domestic
consumption have seen Asia’s fourth-biggest economy lose
momentum in recent months, and Friday’s batch of data backed
market expectations for the Bank of Korea to add to the
government’s $11-billion stimulus package announced last week.