# Under inflationary pressure, central bank lifts key rate, hints at more hikes - The Korea Herald

> 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.

- Date: 2021-08-26 · published 2021-08-26T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/45822-under-inflationary-pressure-central-bank-lifts-key-rate-hints-at-more-hikes-the
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

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.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- koreaherald.com: https://www.koreaherald.com/article/2678750

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