# BOK holds rate at 3.5% amid rising concerns over economic uncertainty - 매일경제 영문뉴스 펄스(Pulse)

> 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.

- Date: 2023-08-24 · published 2023-08-24T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/34838-bok-holds-rate-at-3-5-amid-rising-concerns-over-economic-uncertainty-pulse
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

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.

## Sources

- pulse.mk.co.kr: https://pulse.mk.co.kr/news/english/10814286

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