# IMF downplays danger of forex volatility for Korea, urges focus on inflation

> The IMF said exchange-rate volatility does not pose significant economic challenges for Korea, given limited currency mismatches and manageable inflation pass-through. It urged Korean policymakers to focus on domestic issues such as inflation rather than Fed policy. The remarks followed a trilateral US-Japan-Korea statement on the won and yen's sharp depreciation.

- Date: 2024-04-19 · published 2024-04-19T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/30985-imf-downplays-danger-of-forex-volatility-for-korea-urges-focus-on-inflation
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

The IMF view suggests limited official urgency to defend the won, so currency weakness may persist and keep Korean feed import costs elevated. This keeps dollar-priced feed ingredients expensive for Korean buyers.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- koreajoongangdaily.com: https://www.koreajoongangdaily.com/business/imf-downplays-danger-of-forex-volatility-for-korea-urges-focus-on-inflation/11033594

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