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BOK to sell 9.9 tln won worth of monetary stabilization bonds next month

Economy 18:35 September 29, 2022

SEOUL, Sept. 29 (Yonhap) -- South Korea's central bank said Thursday it will issue a larger amount of monetary stabilization bonds (MSBs) in October from a month earlier to better manage market liquidity.

The Bank of Korea (BOK) said it plans to sell 9.9 trillion won (US$6.89 billion) worth of MSBs next month, compared with 8.8 trillion won worth of bonds scheduled to be sold this month.

The MSB is a policy tool devised to control excess liquidity in the markets. It is sold to financial institutions and individuals.

BOK to sell 9.9 tln won worth of monetary stabilization bonds next month - 1

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