SEOUL -- South Korea's central bank on Thursday froze its benchmark interest rate at a record low to see the effect of the previous rate cuts earlier this year amid lingering worry about an economic fallout from the COVID-19 outbreak.
Bank of Korea (BOK) Governor Lee Ju-yeol and other monetary policy board members decided to keep the seven-day repurchase rate on hold at an all-time low of 0.50 percent. (S. Korea-Interest Rate-COVID-19)
- - - -
CANBERRA -- The Australian government has announced a multi-billion dollar scheme to give people looking for work access to new skills by retraining and upskilling them into growth sectors as the economy recovers from COVID-19.
Prime Minister Scott Morrison on Thursday announced the 2 billion Australian dollars (1.4 billion U.S. dollar) "JobTrainer" skills package. (Australia-COVID-19-Job)
- - - -
SANTIAGO -- Latin America's economy will shrink by 9.1 percent in 2020 due to the COVID-19 pandemic, the Economic Commission for Latin America and the Caribbean (ECLAC) said in a report on Wednesday.
ECLAC downgraded its growth projections for Latin American and Caribbean countries, saying external and domestic shocks have been stronger than originally foreseen in April. (Chile-ECLAC-Economy)
- - - -
KIEV -- Ukraine's foreign trade turnover amounted to 47.2 billion U.S. dollars in the first half of 2020, down by 9.5 percent year-on-year, the State Customs Service of Ukraine reported Wednesday.
In the first half of 2020, Ukraine's exports fell by 6 percent to 23 billion dollars, while imports dropped by 12 percent to 24.3 billion dollars, according to the report.
In the first six months of 2020, China was Ukraine's largest trading partner, the report showed, mentioning that the majority of goods imported to Ukraine are from China, Germany and Russia. (Ukraine-Foreign Trade-China)