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Analysts expect the Bank of Korea to keep its rate at 3.5 percent at its August meeting despite a weaker won. The won's drop this month is driven mainly by concerns over China's deflation and economic slowdown.
Some analysts said a rate hike could become necessary if Chinese weakness pushes up global inflation.
Expectations of a rate freeze with a weak won point to currency pressure on Korean import costs, including feed. The impact on commodity prices is limited.
koreatimes.co.krYi Whan-wooAug 18, 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.
