S. Korea's key interest rate unchanged at 0.75% in April; BOK to boost liquidity
- 4 years ago
한국은행, 4월 기준금리 0.75%로 동결...공개시장운영 대상증권에 특수은행 포함
The Bank of Korea has kept its benchmark interest rate unchanged at point-seven-five percent for April.
This follows the central bank's decision last month to slash rates at an emergency meeting called as a result of the COVID-19 outbreak.
The central bank says it has opted to monitor the impact of the measures already in place.
To boost market liquidity,... it will expand the scope of bonds it can buy up.
Three more bonds issued by special banks will be included, including industrial financial debentures.
In addition, it will also cover mortgage backed securities issued by the Korea Housing Finance Corporation.
The central bank will also expand bonds eligible for repurchase agreements.
The Bank of Korea has kept its benchmark interest rate unchanged at point-seven-five percent for April.
This follows the central bank's decision last month to slash rates at an emergency meeting called as a result of the COVID-19 outbreak.
The central bank says it has opted to monitor the impact of the measures already in place.
To boost market liquidity,... it will expand the scope of bonds it can buy up.
Three more bonds issued by special banks will be included, including industrial financial debentures.
In addition, it will also cover mortgage backed securities issued by the Korea Housing Finance Corporation.
The central bank will also expand bonds eligible for repurchase agreements.