# BOK's Lee says little likelihood of South Korea being labelled as FX manipulator

> Bank of Korea Governor Lee Ju-yeol held the policy rate at 1.50% in a unanimous decision and said the won's exchange rate is determined by the market. He said South Korea is unlikely to be labelled a currency manipulator in the upcoming US Treasury FX report, and the central bank trimmed its 2018 inflation forecast to 1.6%.

- Date: 2018-04-12 · published 2018-04-12T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/65752-bok-s-lee-says-little-likelihood-of-south-korea-being-labelled-as-fx-manipulator
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

The central bank's currency stance and inflation outlook shape the won's path, which affects Korea's feed import costs. The direct effect on feed commodity prices is small.

## Sources

- investinglive.com: https://investinglive.com/centralbank/!/boks-lee-says-little-likelihood-of-south-korea-being-labelled-as-fx-manipulator-20180412

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