# USD/KRW jumps to 1,170 after BOK hikes key rate by 25bps to 0.75%, first hike since Nov 2018 — Octa

> 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.

- Date: 2021-08-26 · published 2021-08-26T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/45820-usd-krw-jumps-to-1-170-after-bok-hikes-key-rate-by-25bps-to-0-75-first-hike
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

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.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/920509/

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