Bank of Korea to expand government bond purchases

Bank of Korea, Seoul

South Korea’s central bank says it will conduct purchases of treasury bonds worth 5–7 trillion won ($4.5 billion–6.2 billion) in the first half of this year amid bond market turbulence.

The purchase plan is aimed at resolving volatility of bond yields, as the South Korean government is expected to increase its bond issuance significantly, the Bank of Korea (BoK) said in a statement on Friday (February 26).

Later, on March 2, the South Korean government announced a supplementary budget of 15

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