A Wall Street Journal survey of seven economists shows the median forecast for
June CPI at +3.2% YoY (May +3.1%); MoM is seen at +0.1% (May +0.5%). A second
consecutive months above the Bank of Korea's 2% target would strengthen the case
for further tightening. DBS economist Ma Tieying cited cumulative input-cost
increases and won weakness passing through to the economy and expects a BoK rate
hike in July and another in Q4.
