Wall Street Journal survey shows South Korea's June CPI is expected to rise by 3.2%, higher than 3.1% in May.
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According to a survey by The Wall Street Journal, the median year-on-year forecast for South Korea's June CPI among seven economists is an increase of 3.2%, compared to an increase of 3.1% in May. The month-on-month forecast is an increase of 0.1%, versus 0.5% in May. DBS economist Ma Tieying expects the Bank of Korea to raise interest rates once in July and again in the fourth quarter.
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