# BOK maintains key rate at 3.5% but hints at cut - The Korea Herald

> 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.

- Date: 2024-07-11 · published 2024-07-11T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/29518-bok-maintains-key-rate-at-3-5-but-hints-at-cut-the-korea-herald
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

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.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- koreaherald.com: https://www.koreaherald.com/article/3433199

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