# BOK official says monetary policy challenge deepens following Fed's rate hike | Yonhap News Agency

> 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.

- Date: 2022-11-15 · published 2022-11-15T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/38947-bok-official-says-monetary-policy-challenge-deepens-following-fed-s-rate-hike
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

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.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- en.yna.co.kr: https://en.yna.co.kr/view/AEN20221115003300320

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