# Bank of Korea raises key rate for 1st time in 3 years - The Korea Times

> The Bank of Korea raised its key rate 25 basis points to 0.75%, the first adjustment since cutting to a record low in May 2020. Governor Lee Ju-yeol signaled further hikes would depend on the coronavirus outlook and Fed policy. The won finished at 1,170.5 per dollar, with bond yields barely moving.

- Date: 2021-08-26 · published 2021-08-26T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/45821-bank-of-korea-raises-key-rate-for-1st-time-in-3-years-the-korea-times
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

The hike and hints of more tightening are a macro signal with little direct effect on feed commodity supply or demand. Currency moves against the dollar are the main channel for any impact on Korean feed purchasing costs.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- koreatimes.co.kr: https://www.koreatimes.co.kr/economy/20210826/bank-of-korea-raises-key-rate-for-1st-time-in-3-years

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