# South Korea raises rates for first time in six years, flags job market risks

> The Bank of Korea raised its benchmark rate to 1.50% from a record-low 1.25%, ending a five-year easing cycle. The move reflects a sustained export boom and improving economic growth.

- Date: 2017-11-30 · published 2017-11-30T12:00:00.000Z
- Category: macro · region South Korea · magnitude medium
- Page: https://feedsoft.ai/events/68207-south-korea-raises-rates-for-first-time-in-six-years-flags-job-market-risks
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A tighter Korean policy rate supports the won, which lowers USD/KRW and makes dollar-priced imports such as feed ingredients cheaper for Korean buyers.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/article/us-southkorea-economy-rates/bank-of-korea-raises-interest-rate-for-first-time-in-six-years-as-expected-idUSKBN1DT3DN/

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