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The Bank of Korea's Monetary Policy Board kept its base rate unchanged at 3.50% on October 19, 2023. The board said it is appropriate to maintain the current restrictive stance, citing uncertainty from prolonged tight policy in major economies and the Israel-Hamas conflict.
It flagged household debt growth as a concern.
A steady high Korean policy rate supports the won and keeps domestic financing costs elevated, with limited direct effect on feed commodity prices.
bok.or.krOct 19, 2023Not 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.
