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Bank of Korea Governor Lee Ju-yeol said the central bank plans an orderly exit from its easy-money policy and may raise rates within 2021, with timing dependent on economic conditions. The policy rate has been held at a record low 0.50% since May 2020, and USD/KRW was trading flat near 1,135 after whipsawing on the comments.
Prospective Korean rate hikes could support the won over time, which would ease import costs for Korean feed buyers. The effect on grain prices is indirect.
octaafrica.netJun 24, 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.
