# BOK’s Lee: An orderly policy normalisation will begin this year — Octa

> 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.

- Date: 2021-06-24 · published 2021-06-24T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/46829-bok-s-lee-an-orderly-policy-normalisation-will-begin-this-year-octa
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

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.

## Read by commodity

- USDKRW: neutral

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/908846/

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