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The Bank of Korea official said the widening interest rate gap with the US, after the Fed's 75 basis point hike, has made monetary policy harder. Capital outflows toward the US and a weaker won are raising worries about inflation through costlier imports.
The BOK's last meeting of the year was expected to bring another hike.
A widening rate gap pressures the won weaker, which raises the local cost of dollar-priced feed and energy imports. This would tend to lift import costs for Korean feed buyers.
en.yna.co.krNov 15, 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.
