# ★Monetary Policy Decision & Opening Remarks to the Press Conference(October 19, 2023) | (상세) |  Bank of Korea

> 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.

- Date: 2023-10-19 · published 2023-10-19T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/33876-monetary-policy-decision-and-opening-remarks-to-the-press-conference-october-19
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A steady high Korean policy rate supports the won and keeps domestic financing costs elevated, with limited direct effect on feed commodity prices.

## Read by commodity

- USDKRW: neutral

## Sources

- bok.or.kr: https://www.bok.or.kr/eng/bbs/E0000634/view.do?menuNo=400069&nttId=10080052&pageIndex=1

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