# South Korea raises rates, warns inflation fight not over | Reuters

> 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.

- Date: 2022-08-25 · published 2022-08-25T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/40281-south-korea-raises-rates-warns-inflation-fight-not-over-reuters
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

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.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/asia/south-korea-delivers-quarter-point-interest-rate-hike-combat-inflation-2022-08-25/

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