# South Korea makes surprise rate cut as Trump trade risks loom

> 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.

- Date: 2024-11-28 · published 2024-11-28T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/27665-south-korea-makes-surprise-rate-cut-as-trump-trade-risks-loom
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

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.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/rates-bonds/south-korea-makes-first-back-to-back-rate-cuts-since-2009-2024-11-28/

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