# Full text of BOK statement on monetary policy decision in November | Yonhap News Agency

> 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.

- Date: 2022-11-24 · published 2022-11-24T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/38946-full-text-of-bok-statement-on-monetary-policy-decision-in-november-yonhap-news
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

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.

## Sources

- en.yna.co.kr: https://en.yna.co.kr/view/AEN20221124003500320

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