{
  "id": 2435982,
  "title": "South Korean Won: Cautious tightening path expected from BoK – DBS",
  "url": "https://urgent.news/2026/08/21/south-korean-won-cautious-tightening-path-expected-from-bok-dbs",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-21T20:58:00.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/south-korean-won-cautious-tightening-path-expected-from-bok-dbs-202608212058"
  },
  "original_language": "en",
  "account": "DBS economists predict the Bank of Korea (BoK) will increase its base rate by 25 basis points to 3.00% during the August meeting, along with revised economic forecasts. They anticipate stronger-than-anticipated first-half GDP growth, persistent core inflation, and rising housing prices. However, they also acknowledge the possibility of a hawkish hold due to tightening financial conditions and the South Korean Won's appreciation. DBS economists believe the BoK could raise its 2026 GDP growth growth forecast from 2.6% to around 3.5%, and extend its 2027 CPI inflation forecast to nearly 3.0%. They caution that the BoK remains cautious about the risk of inflation staying above its 2% target for too long. While a hawkish hold at the meeting is not impossible, it is mainly attributed to recent financial market tightness, KRW appreciation, and heightened KOSPI volatility.",
  "summary": "DBS economists Taimur Baig and Radhika Rao expect the Bank of Korea (BoK) to raise its base rate by 25bps to 3.00% at the August meeting, alongside upgraded Gross Domestic Product (GDP) and Consumer Price Index (CPI) forecasts.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}