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Korean experts said the Bank of Korea is unlikely to make another 50 basis point hike at its August meeting, citing slowing growth in the third quarter. The Fed's 75 basis point hike pushed US rates above Korea's 2.25% policy rate.
Expectations of a smaller BOK move keep the won under pressure against a firm dollar, which affects Korean feed import costs.
koreatimes.co.krLee Min-hyungJul 28, 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.
