# Bank of Korea leaves key rate unchanged at 1.50% — Octa

> The Bank of Korea left its 7-day repo rate unchanged at 1.50% at its August meeting despite US-China and Japan-South Korea trade risks. The won reversed from six-day highs of 1208.15 per dollar, trading near 1,209.50 after the decision.

- Date: 2019-08-30 · published 2019-08-30T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/57829-bank-of-korea-leaves-key-rate-unchanged-at-1-50-octa
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A rate hold leaves the won's rate-driven support intact, so import costs for Korean feed buyers depend mainly on the trade-driven currency moves. The result is little direct price impact on feed commodities.

## Read by commodity

- USDKRW: neutral

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/742838/

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