Yonhap report on what the Bank of Korea is thinking.

South Korea's central bank is likely to consider what is described as a "big-stp" rate hile if inflation hits ^5 this month.

The report comes in light of the latest CPI expectations data from SK, which have hit their highest since April of 2012.

  • expectations 3.9% in June (vs. 3.3% in May )

In other data from SK released this morning:

  • consumer sentiment in June is 94.4 (vs. 102.6 in May), its lowest since January 2021
krw daily chart 29 June 2022

USD/KRW daily: