Preview: South Korea Jun CPI data expected at 19:00 ET (23:00 GMT)

**Consensus expectations: - CPI M/M: 0.1%e v 0.5% prior; Y/Y: 3.2%e v 3.1% prior - CPI (ex-food/energy) Y/Y: 2.6%e v 2.5% prior **Note: South Korea has an inflation target of 2.0% Recent comments: - On Jun 1st BOK stated that it expected une CPI to be 'similar' to levels in May; CPI to remain at 3% level for 'some time'. - On May 27th Bank of Korea (BOK) left the 7-Day Repo Rate unchanged at 2.50% (as expected) for its 8th straight pause under the current phase of its easing cycle. Statement noted that would continue to conduct monetary policy in order to stabilize consumer price inflation at the target level over the medium-term horizon as it monitored economic growth while paying attention to financial stability. - On May 27th BOK last updated its Staff Projections which raised 2026 CPI from 2.2 % to 2.7% and raised 2027 CPI from 2.0% to 2.3% **Insight: BOK has cut the 7-Day Repo Rate four times in the current easing cycle by a total of 100bps. The last cut was in May 2025