# Bank Of Korea’s Rate Hike Kept The Won Steady - Finimize

> 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.

- Date: 2026-08-27 · published 2026-08-27T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/18164-bank-of-korea-s-rate-hike-kept-the-won-steady-finimize
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

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.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- finimize.com: https://finimize.com/content/bank-of-koreas-rate-hike-kept-the-won-steady

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.