# South Korean Won Rises As Bank of Korea Leaves Interest Rates Steady

> The Bank of Korea kept its benchmark rate unchanged at a record low of 0.5% at its November meeting and raised its 2020 and 2021 GDP forecasts. The won gained modestly in Asian trade after the decision. Coronavirus cases in South Korea rose above 500 daily, the highest since March.

- Date: 2020-11-26 · published 2020-11-26T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/50393-south-korean-won-rises-as-bank-of-korea-leaves-interest-rates-steady
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

The unchanged policy and improved growth outlook support the won, which affects the purchasing power of Korean feed buyers. This is a routine central bank decision with limited direct effect on feed commodity prices.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- fxdailyreport.com: https://fxdailyreport.com/south-korean-won-rises-as-bank-of-korea-leaves-interest-rates-steady/

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