# Bank of Korea governor says policy guidance harder with won's weakness | Reuters

> The Bank of Korea governor said external factors such as aggressive US rate hikes make policy guidance harder. The central bank delivered a 50-basis-point hike, citing the won's 6.5% slide against the dollar in September as a major driver of higher import costs.

- Date: 2022-10-15 · published 2022-10-15T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/39375-bank-of-korea-governor-says-policy-guidance-harder-with-won-s-weakness-reuters
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A weaker won raises the local cost of dollar-priced feed imports such as corn, soybean meal and wheat, which tightens Korean feed margins. Continued currency weakness keeps import demand under pressure.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/europe/bank-korea-governor-says-policy-guidance-harder-with-wons-weakness-2022-10-15/

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