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The Bank of Korea raised its policy rate and warned that the inflation fight is not over. The won, which hit a 13-year low that week after falling about 11% against the dollar, is fuelling inflation by making imports more expensive.
A weak currency raises the cost of imported energy and feed ingredients for South Korean buyers, and the rate hike signals tighter domestic financial conditions.
reuters.comCynthia KimAug 25, 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.
