# BOK raises rate to 1% amid inflation concerns

> 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.

- Date: 2021-11-25 · published 2021-11-25T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/44288-bok-raises-rate-to-1-amid-inflation-concerns
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

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.

## Sources

- koreaherald.com: https://www.koreaherald.com/view.php?ud=20211125000133

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