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South Korea's central bank raised its benchmark rate by 25 basis points to 0.75%, its first hike since the pandemic began, citing modest recovery and rising inflation. The move is seen as the first tightening by a major Asia-Pacific central bank amid concerns over overheated markets and inflation.
Tightening in an Asian economy signals rising inflation and rate pressure, mainly affecting currencies and financing rather than feed commodities. Any price effect on feed ingredients would be indirect through the won.
koreaherald.comJung Min-kyungAug 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.
