South Korea's central bank says a key domestic consumer sentiment indicator, hit a four-month low in August. And consumer expectations for higher prices reached a 2-year high.
The Bank of Korea says the consumer sentiment index fell in August to the lowest since April, after standing the highest in July and June since January. And the index which gauges how South Koreans view prices in the next six months, rose in August to the highest since July 2008.
Earlier this month, the central bank kept interest rates on hold as expected, but flagged a rate rise as soon as next month. It played down a slowdown in the global economy, and suggested curbing inflation was its top task.