# Bank of Korea Pivots Back to Outsized Hike as Won Struggles

> The Bank of Korea returned to an outsized rate hike as the won weakened against the dollar. The page text is mostly navigation and boilerplate, so the event itself is limited to this central bank decision and the currency pressure behind it.

- Date: 2022-10-12 · published 2022-10-12T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/39379-bank-of-korea-pivots-back-to-outsized-hike-as-won-struggles
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Stronger tightening aims to contain import inflation from a weaker won. For feed buyers, a higher rate environment in Korea can slow domestic demand and affect dollar-priced import costs.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- bnnbloomberg.ca: https://www.bnnbloomberg.ca/bank-of-korea-pivots-back-to-outsized-hike-as-won-struggles-1.1831195

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