# Exclusive: Bank of Korea's Rhee says policy tightening unlikely to end before Fed | Reuters

> Bank of Korea Governor Rhee Chang-yong told Reuters that the central bank is unlikely to end its tightening cycle before the Fed does. He noted that the won has fallen about 11% against the dollar this year and that authorities have increased surveillance of currency moves.

- Date: 2022-08-28 · published 2022-08-28T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/40277-exclusive-bank-of-korea-s-rhee-says-policy-tightening-unlikely-to-end-before
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Continued Korean tightening alongside Fed hikes keeps the dollar firm, which supports the won-denominated cost of imported feed inputs and pressures dollar-priced commodities.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/asia/bank-koreas-rhee-says-rates-rise-until-inflation-defeated-2022-08-28/

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