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The Bank of Korea kept its benchmark rate at 3.5% for the 12th consecutive meeting, the longest freeze on record. Governor Rhee signaled a future cut could be considered if disinflation continues, with inflation at 2.4% in June.
Expectations of Korean rate cuts could weaken the won over time, raising the local cost of dollar-priced feed imports, though the effect on feed prices is gradual.
koreaherald.comIm Eun-byelJul 11, 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.
