Exports and inflation support rate hike path – DBS

Exports and inflation support rate hike path – DBS

DBS Group Research’s Ma Tieying expects South Korea’s June exports to remain very strong, with year-on-year growth around 50–60% and the trade surplus widening above USD30bn. AI-related semiconductor demand and higher memory prices are seen offsetting energy imports. Headline and core CPI are forecast to rise further, and the Bank of Korea is projected to […]