Consumer confidence in South Korea

23 November 2009 @ 06:13 pm EDT

Consumer confidence in South Korea came in at 113.0 in November compared with a previous 117.0 in October to record the first decline in eight months as a result of concerns about the strength of recovery in the world economy. The Bank of Korea decided to keep borrowing costs at the low record of 2.0% for the ninth meeting as the bank aims at supporting economic recovery and avoiding more won gains against the dollar.

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