Loading…
The Bank of Korea held its policy rate at 3.50%, as expected, and Governor Rhee Chang-yong said the decision should not be read as ending the tightening cycle. The won and Korean shares strengthened after the announcement.
A pause in Korean rate hikes slightly supports the won, marginally easing the cost of dollar-priced feed imports for Korean buyers.
reuters.comChoonsik Yoo, Jihoon LeeFeb 23, 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.
