# Bank of Korea unexpectedly holds rate steady as political turmoil, won weigh

> The Bank of Korea unexpectedly held its policy rate steady as political turmoil and a sharp won slide weighed on markets. The won had weakened 10.6% against the dollar in the last quarter of 2024, its biggest quarterly drop since 2008.

- Date: 2025-01-16 · published 2025-01-16T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/26762-bank-of-korea-unexpectedly-holds-rate-steady-as-political-turmoil-won-weigh
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Currency weakness and an on-hold central bank raise Korea's import costs for feed and soybean meal. This has limited direct effect on global grain prices.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/rates-bonds/bank-korea-unexpectedly-holds-policy-rate-amid-won-slide-2025-01-16/

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