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The Bank of Korea raised its policy rate by 25 basis points to 3.25% and signaled more increases, with most board members expecting a peak of 3.5%. It cut its 2023 growth forecast to 1.7% and its inflation forecast to 3.6%.
The governor said it was too early to discuss easing.
Tighter South Korean monetary policy and weaker growth could reduce demand for imported feed and meat over time. The direct impact on feed commodity prices is small.
koreaherald.comChoi Si-youngNov 24, 2022Not 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.
