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The Bank of Korea's statement said the rate hike to 3.25% was appropriate given easing currency risks and a slowing economy. It noted that the US dollar had weakened and long-term rates had fallen.
The central bank also said global growth would depend on commodity prices, inflation and US policy.
The statement signals continued Korean tightening and slower domestic demand, with limited direct effect on feed prices. Its reference to commodity prices reflects the broader inflation outlook.
en.yna.co.krNov 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.
