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Bank of Korea Governor Rhee Chang-yong said the interest rate gap with the US is only one of many factors affecting the won. He said the central bank would consider rate cuts once inflation falls to around 3% later this year.
The central bank's view that recent won weakness reflects dollar strength rather than policy suggests no currency-driven rate response, leaving import costs tied to the dollar.
brecorder.comReutersMar 7, 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.
