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The Bank of Korea raised its base rate by 25 bps to 0.75%, its first hike since November 2018 and the first by a major Asian central bank since the pandemic began. The won weakened as the dollar gained against it, with USD/KRW reported near 1,170.
Monetary tightening in a major Asian importer mainly affects currency and financing conditions rather than feed grain supply or demand directly. It has little direct price implication for feed ingredients.
octaafrica.netAug 26, 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.
