# Full text of BOK statement on monetary policy decision in January | Yonhap News Agency

> The Bank of Korea raised its base rate by 25 basis points to 1.25%. The central bank said the economy continues to recover despite COVID-19 resurgence, with exports supported by robust global demand.

- Date: 2022-01-14 · published 2022-01-14T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/43375-full-text-of-bok-statement-on-monetary-policy-decision-in-january-yonhap-news
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Tighter Korean monetary policy can modestly support the won, but the effect on feed commodity prices is limited.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- en.yna.co.kr: https://en.yna.co.kr/view/AEN20220114004100320

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