# Bank of Korea Governor says rate gap with US one of many factors affecting won

> 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.

- Date: 2023-03-07 · published 2023-03-07T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/37105-bank-of-korea-governor-says-rate-gap-with-us-one-of-many-factors-affecting-won
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

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.

## Read by commodity

- USDKRW: neutral

## Sources

- brecorder.com: https://www.brecorder.com/news/40230021/bank-of-korea-governor-says-rate-gap-with-us-one-of-many-factors-affecting-won

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