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South Korea's central bank unexpectedly cut its policy rate by 25 basis points to 3.00% on November 28, with a 5-2 vote. Governor Rhee said three board members were open to further cuts, citing slowing growth and rising trade protectionism risks from a second Trump presidency.
Lower Korean rates weaken the won and may increase Korean feed import costs in dollar terms, while also signalling weaker domestic demand for meat and feed.
reuters.comCynthia KimNov 28, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
