South Korea Consumer Confidence Improves In August - BoK

RTTNews | 1480 days ago
South Korea Consumer Confidence Improves In August - BoK

(RTTNews) - Consumer confidence in South Korea ticked higher in August, the Bank of Korea said on Tuesday with a consumer sentiment index score of 88.8 - up from 86.9 in July.

Consumer sentiment regarding current living standards was two points higher at 83, while the outlook was four points higher at 83.

Consumer sentiment related to future household income was one point higher at 94, and the outlook was two points lower at 110.

Consumer sentiment concerning current domestic economic conditions was four points higher at 47, and the outlook was eight points higher at 58.

The expected inflation rate for the upcoming year was 4.3 percent.

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Bank Of Korea Hikes Key Rate For Second Straight Time

Bank Of Korea Hikes Key Rate For Second Straight Time

The Bank of Korea raised its benchmark rate by a quarter-point for the second straight meeting on Thursday, to prevent broadening of inflationary pressures. The Monetary Policy Board of the Bank of Korea voted 6-1 to raise the base rate by 25 basis points to 3.00 percent. The bank had lifted the rate by a quarter-point at the previous meeting in July.
RTTNews | 14 days ago