South Korea's consumer sentiment fell to 98.4 in May due to inflation, interest rates, and geopolitical risks.
South Korea's consumer sentiment fell to 98.4 in May, its lowest since November 2022, due to inflation, interest rates, and geopolitical risks, according to the Bank of Korea. Inflation expectations rose to 3.2%, and the composite consumer sentiment index dropped 2.3 points from the previous month. The central bank's benchmark interest rate remains at 3.5% since January 2022.
May 20, 2024
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