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The Bank of Korea raised its benchmark rate by 25 basis points to 1%, returning to that level after 20 months. The bank upgraded its 2021 inflation outlook and said it could hike again soon, as the current rate remains dovish.
The move was largely expected after the bank's last policy meeting of the year.
Rising Korean rates increase borrowing costs for feed mills and livestock producers, which can slow expansion and restocking. The direct price effect on feed commodities is small.
koreaherald.comJung Min-kyungNov 25, 2021Not 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.
