South Korea Consumer Confidence Ticks Higher In Annuary - BoK

RTTNews | 855 days ago
South Korea Consumer Confidence Ticks Higher In Annuary - BoK

(RTTNews) - Consumer confidence in South Korea improved in January, the latest survey from the Bank of Korea showed on Thursday with a consumer confidence index score of 90.7 - up from 90.2 in December.

Consumer sentiment for current living standards was one point lower at 82, and the future outlook was unchanged at 85.

Consumer sentiment related to future household income was one point higher at 96, and future household spending was two points higher at 110.

Consumer sentiment concerning current domestic economic conditions was unchanged at 51, and the outlook was two points lower at 60.

The expected inflation rate for the upcoming year was 3.9 percent.

read more
Bank Of Korea Cuts Policy Rate By 25 Bps

Bank Of Korea Cuts Policy Rate By 25 Bps

The Bank of Korea lowered its benchmark rate by a quarter-point to mitigate downside pressure on the economy. The monetary policy board, governed by Rhee Chang Yong, unanimously decided to cut the Base Rate by 25 basis points to 2.50 percent. The bank had previously reduced the benchmark rate by a quarter-point in February.
RTTNews | 15h 32min ago
South Korea GDP Contracts 0.2% In Q1

South Korea GDP Contracts 0.2% In Q1

South Korea's gross domestic product was down a seasonally adjusted 0.2 percent on quarter in the first quarter of 2025, the Bank of Korea said in Thursday's preliminary reading.
RTTNews | 35 days ago