# BOK unlikely to take another 'big step' in August  - The Korea Times

> 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.

- Date: 2022-07-28 · published 2022-07-28T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/40726-bok-unlikely-to-take-another-big-step-in-august-the-korea-times
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Expectations of a smaller BOK move keep the won under pressure against a firm dollar, which affects Korean feed import costs.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- koreatimes.co.kr: https://www.koreatimes.co.kr/economy/20220728/bok-unlikely-to-take-another-big-step-in-august

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