# Exchange rates a major factor in rate decision: BOK chief - 매일경제 영문뉴스 펄스(Pulse)

> 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%.

- Date: 2024-10-28 · published 2024-10-28T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/28103-exchange-rates-a-major-factor-in-rate-decision-bok-chief-pulse
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Rhee's comments point to a slower rate-cut path, which supports the dollar and keeps Korean import costs for feed ingredients high.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- pulse.mk.co.kr: https://pulse.mk.co.kr/news/english/11151985

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