Bank of Korea elbows government out of rate decisions

kim-choong-soo

The Bank of Korea on Monday won a tussle to limit the government's presence at its rate-setting meetings.

The vice finance minister, who attends the central bank's monetary policy meetings, must in future leave when the committee votes on rates, allowing it to do so without a government presence in the room. Local media and Bloomberg, a news wire, reported Yoon Jong-won, the director-general of the South Korean finance ministry economic policy division, as saying: "The current arrangement can gi

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