BOK moves to curb excessive liquidity

KOREA - The central bank will reduce preferential credit to local banks during the fourth quarter of the year, in a move to control excessive liquidity in the market.

At a regular meeting of the Monetary Policy Committee held yesterday, the Bank of Korea (BOK) decided to cut its ceiling on the fourth-quarter preferential loans by 2 trillion won to 9.6 trillion won from the current 11.6 trillion won, the Korea Times reported.

The central bank's move is taken as an indication that it will make ef

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