export slump: That puts the gauge at its lowest since January 2017, a month after the impeachment of then-President Park Geun-Hye. ; The central bank cited Japan's new export restrictions, escalation of the U.S.-China trade dispute, the nation's export slump and a decline in equity prices as among the reasons for households' worsening sentiment, according to The Japan Times. The drop in confidence comes as South Korean policymakers sound increasingly downbeat about the economy. A monthly consumer sentiment index issued by the Bank of Korea dropped to 92.5 in August from 95.9 the previous month, according to a statement Tuesday from the bank. BOK Gov. The BOK's board members are set to meet Friday to review the policy interest rate, which they cut in July. Lee Ju-yeol said last week the central bank's 2.2 percent growth forecast would not be achievable if the slump in exports and investment persisted.
(news.financializer.com). As
reported in the news.
Tagged under export slump, board members topics.