South Korea's Consumer Confidence Index (CCSI) dropped from 100.8 to 100 in September amid inflation expectations and housing market concerns.
South Korea's Consumer Confidence Index (CCSI) fell from 100.8 in August to 100 in September, reflecting concerns over domestic demand recovery and stable inflation expectations at 2.8%. Home price outlook continues to rise, reaching 119, prompting caution from the Bank of Korea regarding potential interest rate cuts. The central bank has kept rates steady at 3.5%, balancing inflation moderation against high household debt and a heated housing market.
September 24, 2024
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