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The Bank of Korea kept its seven-day repurchase rate unchanged at 1.25% after cutting rates in July and October. USD/KRW traded near 1179 with only marginal moves after the decision, and the central bank signaled it is waiting to assess the effects of earlier easing.
Holding rates steady with the won little changed means no major shift in Korean currency costs for imported feed inputs; markets still expect further easing in 2020 if the economy stays weak.
octaafrica.netNov 29, 2019Not 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.
