South Korean authorities have announced plans to gradually disclose details of their foreign exchange (forex) interventions in a bid to improve transparency and avoid any perception of manipulating the currency.
The policy turnaround was announced jointly by the ministry of strategy and finance and the Bank of Korea today (May 17), following an economic policy meeting organised by the two authorities. According to locally based reporters, a joint statement from the Bank of Korea and the finance
- Podcast: San Fran Fed’s Daly on gender inequality in central banks
- Turkish central bank carries out emergency rate hike as currency falls
- Malaysian central bank sends details of own land deal to anti-corruption body
- Strike halts Australian banknote production
- Dudley calls for ‘aggressive action’ on benchmark reforms