BOK to sell 10 tln won worth of monetary stabilization bonds in Jan.
Finance 16:51 December 29, 2022
SEOUL, Dec. 29 (Yonhap) -- South Korea's central bank said Thursday it will sell 10 trillion won (US$7.88 billion) worth of monetary stabilization bonds (MSBs) in January next year, up 2.2 trillion won from the previous month's issuance.
In January, the Bank of Korea (BOK) also plans to redeem 2.5 trillion won worth of outstanding MSBs, the central bank said in a press release.
The MSB is a policy tool devised to control excess liquidity in the markets. It is sold to financial institutions and individuals.
Latest News Economy/Finance
S. Korea to allow online permit-free entry for tourists from 22 nations to spur spending
Grandson of ex-President Chun released after investigation over drug use
(LEAD) (News Focus) Abrupt replacement of national security adviser gives rise to much speculation
(LEAD) S. Korea to allow online permit-free entry for tourists from 22 nations to spur spending
(LEAD) Yoon taps ambassador to U.S. as new nat'l security adviser