# South Korea: Strong fundamentals continue to support the won - BBH — Octa

> BBH analyst Masashi Murata says South Korea's Q3 GDP grew 3.8% year on year, the fastest pace since Q1 2014, and that the won has been strong in 2017. The Bank of Korea raised rates by 25 basis points to 1.50% in November, its first hike since June 2011, while November headline CPI slowed to 1.3%. The analysis expects solid growth to continue and limited pressure for further rate hikes.

- Date: 2017-12-28 · published 2017-12-28T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/67718-south-korea-strong-fundamentals-continue-to-support-the-won-bbh-octa
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Solid growth supports Korean demand for feed and meat, while a strong won keeps dollar-priced imports affordable. Modest inflation suggests the currency is unlikely to weaken sharply soon.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/525354/

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