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The Bank of Korea kept its benchmark rate unchanged at 3.5 percent on August 24, its fifth straight pause. Officials cited slowing growth, weak domestic demand indicators and risks from China's real-estate sector.
The bank said it would watch the upcoming Jackson Hole speech by the US Federal Reserve chair.
The rate hold signals no near-term tightening in Korea, which limits currency support for the won. It has little direct effect on grain or feed prices.
pulse.mk.co.krAug 24, 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.
