# BOK's back-to-back rate cuts to accelerate weakening of won, experts say

> Analysts expect the Bank of Korea's back-to-back rate cuts to accelerate capital outflows and won depreciation. The won is hovering in a 1,390 to 1,410 per dollar range, and policymakers appear to be accepting that level as the new norm.

- Date: 2024-11-29 · published 2024-11-29T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/27667-bok-s-back-to-back-rate-cuts-to-accelerate-weakening-of-won-experts-say
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A weaker won raises the local-currency cost of imported feed ingredients such as corn, soybean meal and other dollar-priced inputs.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- koreajoongangdaily.com: https://www.koreajoongangdaily.com/business/boks-back-to-back-rate-cuts-to-accelerate-weakening-of-won-experts-say/12343679

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