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The Bank of Korea raised its benchmark rate to 3.00 percent for a second straight meeting on August 27, pairing the hike with a higher growth outlook. The won strengthened as much as 0.5 percent to 1,377.40 per dollar, helped by Nvidia's results lifting chip stocks in Korea and Taiwan.
Maybank expects one more quarter-point hike in 2026.
Higher Korean rates widen the carry advantage for holding won, supporting the currency and lowering the won cost of dollar-priced feed imports. Further hikes would strengthen that support.
finimize.comFinimize NewsroomAug 27, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
