# USD/KRW remains bid after BOK stands pat on interest rates — Octa

> 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.

- Date: 2019-11-29 · published 2019-11-29T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/56300-usd-krw-remains-bid-after-bok-stands-pat-on-interest-rates-octa
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

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.

## Read by commodity

- USDKRW: neutral

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/778702/

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