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More Detail On Today's CPI, BoK Likely On Hold Later In August

SOUTH KOREA
EM BulletDataHomepagemarkets-real-timeData BulletBulletEmerging Market News
  • South Korea’s headline CPI printed in line with expectations at 2.6%, a slight move up from last month and marginally ahead of surveys.
  • 9 out of the 12 sub-indices were ahead of the prior month in m/m terns.
  • Standout being transport up 5.2%y/y, 1.7% m/m.
  • The South Korean Finance minister expects CPI to return to low / mid 2% from August onwards. The BOK also expects a similar backdrop to unfold.
  • This number pushes back on the possibility of easing in the near term (at the margins). The next BOK meeting on the 22nd of August. The BOK is likely to remain on hold, watching the evolution of inflation and the outcome from the FED.
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  • South Korea’s headline CPI printed in line with expectations at 2.6%, a slight move up from last month and marginally ahead of surveys.
  • 9 out of the 12 sub-indices were ahead of the prior month in m/m terns.
  • Standout being transport up 5.2%y/y, 1.7% m/m.
  • The South Korean Finance minister expects CPI to return to low / mid 2% from August onwards. The BOK also expects a similar backdrop to unfold.
  • This number pushes back on the possibility of easing in the near term (at the margins). The next BOK meeting on the 22nd of August. The BOK is likely to remain on hold, watching the evolution of inflation and the outcome from the FED.