# BOK's months-long rate freeze tested by weakening won - The Korea Times

> 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.

- Date: 2023-08-18 · published 2023-08-18T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/34839-bok-s-months-long-rate-freeze-tested-by-weakening-won-the-korea-times
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

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.

## Sources

- koreatimes.co.kr: https://www.koreatimes.co.kr/economy/20230818/boks-months-long-rate-freeze-tested-by-weakening-won

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