# BOK leaves benchmark rate unchanged at 0.50%, USD/KRW bounces — Octa

> The Bank of Korea left its benchmark rate unchanged at 0.50% at its November meeting and revised its GDP and inflation forecasts upward. USD/KRW bounced from daily lows of 1,105.94 to around 1,106.5. Rising coronavirus cases were cited as a source of selling pressure on the won.

- Date: 2020-11-26 · published 2020-11-26T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/50394-bok-leaves-benchmark-rate-unchanged-at-0-50-usd-krw-bounces-octa
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

The won's movement changes the local-currency cost of imported feed ingredients for Korean buyers. The effect on global feed prices is minimal.

## Read by commodity

- USDKRW: neutral

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2020/11/26/bok-leaves-benchmark-rate-unchanged-at-0-50-usd-krw-bounces/
- octaafrica.net: https://www.octaafrica.net/markets/news/view/865724/

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