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fxJul 16, 2026, 1:32 PM

BOK 25bp Hike Holds Door Open for August Follow-Up – SocGen

Societe Generale notes that the Bank of Korea's 25 basis point rate hike to 2.75% was unanimously supported and the July statement was more hawkish than May, keeping the possibility of another hike at the August 27 meeting alive.

USDKRW

Societe Generale analyst Kiyong Seong reviewed the Bank of Korea's latest policy decision, which delivered a 25-basis-point rate increase to 2.75%. The Monetary Policy Committee voted unanimously, and the accompanying statement was assessed as more hawkish than the one released in May.

Governor Shin's comments at the press conference reinforced the hawkish stance, leaving the option of a consecutive rate hike at the next meeting on August 27 firmly on the table. The back-to-back hike risk therefore remains a live scenario for the Korean won and interest rate markets.

Source: FXStreet Forex News