South Korea Consumer Sentiment Index Rises In May - BoK

RTTNews | 781 days ago
South Korea Consumer Sentiment Index Rises In May - BoK

(RTTNews) - Consumer sentiment in South Korea improved in May, the Bank of Korea said in Tuesday's Composite Consumer Sentiment Index (CCSI) for May, which posted a score of 98.0 - up from April by 2.9 points. Consumer sentiment regarding current living standards was one point higher than in April at 88, while the outlook was two points higher at 92. Consumer sentiment related to future household income was one point higher than in April, at 97, and the outlook was one point higher than in the previous month, at 111. Consumer sentiment concerning current domestic economic conditions was six points higher than in April, at 64, and the outlook was six points higher than in the previous month, at 74. The expected inflation rate for the upcoming year was 3.5 percent.

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Bank Of Korea Keeps Rates Steady

Bank Of Korea Keeps Rates Steady

The Bank of Korea maintained its interest rate on Thursday as rising house prices and household debt pose risks to the financial stability amid escalating trade tensions weighing on economic growth outlook. The Monetary Policy Board decided to leave the Base Rate unchanged at 2.50 percent. The bank had previously reduced the benchmark rate by a quarter-point each in May and February.
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South Korea Consumer Prices Unchanged In June

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RTTNews | 10 days ago
South Korea Consumer Sentiment Strengthens In June

South Korea Consumer Sentiment Strengthens In June

South Korea's consumer confidence strengthened to a four-year high in June on improving domestic economic conditions, survey data from the Bank of Korea showed on Tuesday. The consumer sentiment index advanced to 108.7 in June from 101.8 in the previous month. This was the highest score in four years. The sub-index measuring future domestic economic situation surged 16 points to 107 in June.
RTTNews | 17 days ago