South Korea May 2026 inflation data higher than expected, keeps BoK on hike alert
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South Korea May 2026 CPI: +0.5% m/m expected +0.3%, prior +0.5% +3.1% y/y expected +3.0%, prior +2.6% Core CPI +2.5% y/y prior +2.2% This article was written by Eamonn Sheridan at investinglive.com.
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4 itemsHotter than expected prices put South Korea on track for a July hike
Hotter than expected prices put South Korea on track for a July hike
Hotter than expected prices put South Korea on track for a July hike
South Korea’s steps to limit inflation increases paying off — so far
The desk views South Korea's inflation management as effective in the short term, with government measures mitigating the impact of high energy prices. Per the full note from ing-think, while inflation rose in April, these interventions have limited the extent of the increase. The Bank of Korea is expected to maintain its current interest rate in May, but rising inflation could lead to a rate hike as soon as July. This outlook aligns with our consensus target for the KRW, which reflects a cautious but optimistic stance on the currency's performance against the USD.
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