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fxJul 16, 2026, 9:18 PM

Hawkish BoK Hike Supports South Korean Won, Says BBH

Brown Brothers Harriman notes the Korean Won is outperforming after the Bank of Korea's hawkish 25 bps hike to 2.75%, with expectations that growth and core inflation will exceed 2026 forecasts.

USDKRW

Brown Brothers Harriman (BBH) analyst Elias Haddad comments on the South Korean Won, stating the currency is outperforming amid a hawkish tilt from the Bank of Korea.

The BoK raised its policy rate by 25 basis points to 2.75%, exceeding market expectations. BBH notes that the hike, coupled with an equity correction, is providing support for the KRW. The firm also points to expectations that South Korea's growth and core inflation will surpass forecasts heading into 2026.

Source: FXStreet Forex News