South Korea Consumer Sentiment Index Ebbs In March - BoK

RTTNews | 157 days ago
South Korea Consumer Sentiment Index Ebbs In March - BoK

(RTTNews) - South Korea's Composite Consumer Sentiment Index for March stood at 93.4, the Bank of Korea said on Tuesday - dipping from 95.2 in February.

Consumer sentiment for current living standards was unchanged at 87, and the outlook was at 92, one point lower than in February.

Consumer sentiment for future household income was at 96, one point lower than in February, and the outlook was at 104, two points lower than in the previous month.

Consumer sentiment concerning current domestic economic conditions was unchanged at 55, and the outlook was at 70, three points lower than in February.

The expected inflation rate for the upcoming year was 2.7 percent.

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Bank Of Korea Stands Pat On Rates, Lifts 2025 Growth Outlook

Bank Of Korea Stands Pat On Rates, Lifts 2025 Growth Outlook

The Bank of Korea left its interest rate unchanged on Thursday as economic growth improved moderately despite high uncertainty surrounding the outlook. The Monetary Policy Board decided to hold the Base Rate at 2.50 percent. The central bank had previously lowered the benchmark rate by a quarter-point each in May and February.
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