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Bank of Korea Governor Rhee Chang-yong said the exchange rate has become a key consideration in setting interest rates after the won fell quickly against the dollar. He added that the growth outlook does not require stimulus, projecting 2024 growth around 2.2-2.3%.
Rhee's comments point to a slower rate-cut path, which supports the dollar and keeps Korean import costs for feed ingredients high.
pulse.mk.co.krOct 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.
