Bank of Korea (BoK)
New Zealand hikes OCR again; Indonesia and South Korea hold firm
Reserve Bank of New Zealand raises its key rate for the third time in 2014; Bank Indonesia and Bank of Korea hold policy despite above- and below-target inflation respectively
Bank of Korea slowly tackling gender imbalance
Number of female hires at Korean central bank grew steadily throughout former governor Kim Choong Soo’s tenure; first female deputy governor appointed in July 2013
Bank of Korea predicts sharp inflation increase
South Korea’s central bank expects annual inflation to climb above 2.5% in the fourth quarter, suggesting the MPC will turn its attention to rate increases later this year
People: BoK appoints new reserves chief; Fed staffer returns to head up Riksbank research
Chae Sun-Byoung new head of reserve management at Bank of Korea; Jesper Lindé returns to head up Riksbank's research department; Linette Field put in charge of SSM deputy directorate
Bank of Korea expresses macroprudential concerns
Bank of Korea says the financial system is ‘generally’ stable, but the corporate sector is struggling with static profitability and household debt is rising under some measures
Korean research analyses transmission of exchange rate movements to domestic prices
Korean working paper finds imported inputs play ‘major role’ in transmitting exchange rate fluctuations to the domestic price level
New governor aims to restore trust in Bank of Korea
Juyeol Lee will seek a ‘rebirth' of the Bank of Korea as a central bank that is ‘trusted by the Korean people'
Foreign banks acted as 'buffer' on Korean monetary policy during the crisis
Bank of Korea working paper examines the impact of foreign banks on the central bank’s monetary policy transmission mechanism during the recent crisis
Korea and Indonesia agree $10 billion swap line
Kim Choong-soo and Agus Martowardojo sign an agreement that will allow their central banks to exchange up to $10 billion worth of local currencies
Former deputy nominated as Bank of Korea governor
South Korean president nominates Lee Ju-yeol as Kim Choong-soo’s successor; Lee spent 35 years at the central bank in his first stint including three years as a deputy
Australia, Korea strike $5 billion swap deal
Glenn Stevens and Choong Soo Kim sign the countries’ first swap arrangement on the sidelines of the G-20 meeting as they look to promote bilateral trade
Regulatory reliance to blame for faulty credit ratings, paper claims
The growing importance of credit ratings to financial regulators and prudential regulation explains more of the distortion in ratings than the question of who pays for the rating
Government intervention shielded Korea from global credit crunch
Paper by Bank of Korea and IMF economists argues external buffers such as foreign reserves and swap agreements means the country is in good shape to weather global financial turmoil
Korea sheds light on MPC voting results
Bank of Korea monetary policy report reflects on the decision to announce voting results in the wake of MPC meetings; only one disagreement in the ensuing seven meetings
Asia-Pacific central banks shed light on future policy
Bank Indonesia hikes rates; Reserve Bank of New Zealand says it will likely tighten policy in 2014; Bank of Korea looks to buck emerging market trend and keep rates low as inflation drops
Central banks are getting more transparent, study finds
Study conducted by Barry Eichengreen and Nergiz Dincer finds trend towards greater transparency was not knocked off course by the financial crisis; independence, however, is more patchy
Competition makes mutuals safer, commercial banks riskier
Bank of Korea research paper shows higher concentration in a less competitive loan market has increased default risks of mutual savings banks since the recent crisis
BoJ and BoK vote to keep interest rates unchanged
Bank of Japan keeps rates at zero and will continue asset purchases for 'as long as necessary' to hit 2% inflation target; regional impact of possible US tapering remains uncertain
Central banks face $450bn in paper losses from gold holdings
The decline in world gold prices during the first half of the year has resulted in the value of central bank gold reserves falling by $447 billion; latest entrants into bullion market hardest hit
Korean MPC member says economy ‘relatively safe’ from impact of Fed taper
Woosik Moon says emerging economies will see long-term interest rates rise as global liquidity contracts, but the strength of Korea’s economy should insulate it against the turbulence
Korea's Kim calls for economic patriotism at central bank
The Bank of Korea must develop the capacity to match other central banks around the world in acting in the interest of the country's economy, says Choong Soo Kim
Asia-Pacific: Financial stability concerns reflected in rate decisions and forex intervention
Indonesia leans against higher inflation expectations with rate rise, RBNZ's Wheeler concerned over ‘rapid' house price inflation, and Bank of Thailand attempts to slow baht's downward slide
Korean rate cut follows global trend but takes analysts by surprise
Base rate cut of 25 basis points by Bank of Korea aims to boost inflation and employment, and halt the Korean currency's rise against the yen
Korea paper warns developing economies over financial openness
Research suggests open capital markets in developing economies create output volatility; suggests Asian countries are the least stable in a crisis