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The Bank of Korea held its base rate steady at 0.75 percent on October 12, 2021, for the inter-meeting period. The statement cited global inflation concerns, a steep rise in major-country bond yields, a stronger U.S. dollar and the prospect of Fed tapering within the year.
A steady Korean policy rate, combined with a firmer dollar, keeps import-financing costs for feed buyers elevated. The statement signals that currency and inflation pressures will shape Korean feed costs in the near term.
en.yna.co.krKim Soo-yeonOct 12, 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.
