# Bank of Korea flags growth, credit fears as it reins in interest rate hike - The Korea Herald

> 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.

- Date: 2022-11-24 · published 2022-11-24T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/38945-bank-of-korea-flags-growth-credit-fears-as-it-reins-in-interest-rate-hike-the
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

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.

## Sources

- koreaherald.com: https://www.koreaherald.com/article/3005183

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