# [INTERVIEW] BOK tone shifts as inflation eclipsed by won weakness

> The Bank of Korea's concern has shifted toward won weakness rather than inflation, after the won hit a two-month low following softer expectations for Fed rate cuts. The won traded at 1,346.7 per dollar on January 17.

- Date: 2024-01-22 · published 2024-01-22T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/32352-interview-bok-tone-shifts-as-inflation-eclipsed-by-won-weakness
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Won weakness raises the local cost of imported feed grains and meal, and a BOK focus on currency stability could limit domestic rate cuts.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- koreajoongangdaily.com: https://www.koreajoongangdaily.com/business/interview-bok-tone-shifts-as-inflation-eclipsed-by-won-weakness/10175459

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