# S.Korean central bank holds rates steady, may not resume tightening | Reuters

> 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.

- Date: 2023-02-23 · published 2023-02-23T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/37545-s-korean-central-bank-holds-rates-steady-may-not-resume-tightening-reuters
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A pause in Korean rate hikes slightly supports the won, marginally easing the cost of dollar-priced feed imports for Korean buyers.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/rates-bonds/bank-korea-pauses-after-1-year-run-interest-rate-rises-2023-02-23/

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