Bank of Korea (BoK)
Bank of Korea - Financial Statement Analysis (Q3 2009)
Analysis points to low growth in the three months to September 2009, but notes some reasons for optimism
Korea holds amid concern over government influence
Bank of Korea leaves the cost of borrowing at 2% for 11th straight month; concern that presence of a minister at meetings will curtail independence
Bank of Korea – Financial Stability Report November 2009
Korean recovery rapid, with increases in quarterly growth rates and a revival in housing prices, says central bank report
Rate decisions this week
Korea, New Zealand hold but indicate tightening soon to come. Bank of England and Bank of Canada maintain policy stance, along with Peru and Brazil as Denmark and Iceland cut
Korea labels gold rush illusory
Bank of Korea’s head of reserves management looks to downplay surge of central bank interest in bullion
Korea widens inflation target range
Central bank widens inflation band by 0.5% each way, giving it room to manoeuvre against volatility
Korea holds rates for ninth month
Bank of Korea keeps its base rate unchanged, citing resurgence in domestic economic activity
Korea considering shifting dollar assets to gold
Korean central bank reportedly interested in diversifying reserves; favours gold over dollar
Cautious MAS maintains zero appreciation policy
The Monetary Authority of Singapore pledges to maintain its policy of zero appreciation [of the Singapore dollar’s nominal exchange rate] as confidence in global rebound wanes
Korea to follow Israel’s lead and hike?
Report suggests Bank of Korea considering tightening
Central banks on hold
Bank of England, Bank of Canada, Reserve Bank of New Zealand and Bank of Korea all keep policy fixed
Swap lines had crucial impact: Aizenman
Joshua Aizenman, an economist, on the importance of emerging-market foreign-exchange swap lines during the crisis
Basel-based CPSS broadens membership
Central banks of Australia, Brazil, China, India, Mexico, Russia, Saudi Arabia, South Africa and South Korea to join the Committee on Payment and Settlement Systems (CPSS)
Tripartite governors first meeting
Governors of People’s Bank of China, Bank of Japan and Bank of Korea hold first annual summit
Korea should improve management in light of recession
Bank of Korea’s Seongtae Lee says that central bank will enhance management practices for pubic benefit
Korea may use reserves to support won - report
The Bank of Korea seems willing to use its dollar reserves to bolster the ailing won, after an official told local media that the central bank was unconcerned that its foreign-exchange stockpile could fall below $200 billion.
Korea's target hits its aims
By having an explicit inflation target, the Bank of Korea is taking the optimum route to price stability, posits a new paper from the European Central Bank.
Korea cuts again
The Bank of Korea has slashed interest rates for the sixth time in four months, bringing the cost of borrowing to a record low of 2% and suggesting that further cuts could be in store.
Korea denies renminbi reserves interest
The Bank of Korea has issued a strong denial in response to a story claiming the central bank had looked into but ultimately rejected shifting some of its reserves into renminbi.
Korean rate setting to focus on recovery
Monetary policy will be geared towards restoring economic growth the Korean central bank said in a statement on monetary policy for 2009.
China, Korea sign new swap line
Monetary authorities in China and South Korea have signed a new foreign-currency swap deal, the Chinese central bank announced on Friday.
Korea dips into Fed facility
The Bank of Korea is to tap the Federal Reserve for $4 billion as part of its $30 billion swap arrangement agreed at the end of last month.
Korea cuts for second time in a fortnight
Bank of Korea chopped a quarter-point off its key rate on Friday on signs of a further weakening in domestic economic activity.