# (3rd LD) BOK hikes key rate by 0.25 pct point for first time in more than 6 yrs | Yonhap News Agency

> The Bank of Korea hiked its key rate by 0.25 percentage point to 1.5%, its first increase since June 2011. Governor Lee Ju-yeol said the decision was not unanimous, and the bank raised its growth projection slightly.

- Date: 2017-11-30 · published 2017-11-30T12:00:00.000Z
- Category: macro · region South Korea · magnitude medium
- Page: https://feedsoft.ai/events/68209-3rd-ld-bok-hikes-key-rate-by-0-25-pct-point-for-first-time-in-more-than-6-yrs
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

The hike strengthens the won against the dollar, which lowers USD/KRW and reduces the local cost of dollar-denominated feed imports.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- en.yna.co.kr: https://en.yna.co.kr/view/AEN20171129012953320

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