Report published August 27, 2026
UBS Daily Update: Strait of Hormuz Toll Agreement, US PCE Inflation & BoK Rate Hike
Source and citation context
- Issuer
- UBS
- Report date
- August 27, 2026
- Analysis as of
- Not stated in source
Authors / editors: Paul Donovan
Finvaulta summarizes UBS's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
UBS Chief Economist Paul Donovan reviews key daily macro developments, including Iran-Oman shipping toll agreements, expected US PCE inflation keeping Fed policy on hold, and a Bank of Korea rate hike driven by AI component export strength.
Key Takeaways
- 1.Iran and Oman agreed to share toll revenues from Strait of Hormuz shipping once reopened, indicating stricter post-war control rather than an imminent reopening.
- 2.US PCE deflator inflation matched expectations, likely keeping Federal Reserve policy on hold, with reported inflation expected to decline near term due to calculation method changes.
- 3.The Bank of Korea increased interest rates by 25 bps, supported by broad economic growth generated by global demand for artificial intelligence hardware components.
Table of Contents
- Audio
- Global asset class preferences definitions
- Appendix
- Risk information
- Generic investment research – Risk information
Report data
Listen to today's 27 August update
| Metric | Estimate | Context |
|---|---|---|
| Bank of Korea Policy Rate Change | 0.25 percentage points | Bank of Korea interest rate increase in an anticipated move supported by AI-driven growth |
Reports in this series
Paul Donovan's daily audio is shown in chronological order through this edition, published on August 27, 2026.
Part of the Paul Donovan's daily audio series — view all 23 editions
Looking for the latest edition? Audio en 1666151 (Sep 8, 2026)
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Authors / Editors
Reported Data Context
- Bank of Korea Policy Rate Change: 0.25 percentage points (2026-08) · Source: Bank of Korea