South Korea
Asean+3 to launch new financing facility
Thirteen Asian states say fund will deal with exogenous shocks’ effects on balance of payments
South Korea keeps monetary policy unchanged
Board says it would be premature to expect inflation to fall to target level despite improvement
BIS project aims to redesign global payments infrastructure
“Most ambitious” innovation hub project to date will test BIS’s “unified ledger” concept
Fight against inflation is not over yet – BoK research
Authors call for holistic assessment of rising prices, despite encouraging signs in major economies
South Korean and Indonesian central banks hold rates
BoK says policy will remain restrictive for now, while BI highlights need to keep inflation stable
Spike in oil prices ‘could boost South Korean economy’
BoK researchers say a rise driven by higher global economic activity might boost domestic growth
BoK examines South Korea’s post-Covid jobs recovery
Research points to rebound in services and employees’ desire for greater work-life balance
Millions of South Korean workers face AI replacement – research
Workers with higher incomes and education are more at risk, Bank of Korea paper says
Bank of Korea holds rates amid property market concerns
Governor Rhee Chang-yong warns cutting rates too soon could reignite inflation
Banknotes: October to December 2023
A round-up of news and salient issues that have affected central bankers in the past three months
Indonesia and South Korea to launch cross-border settlement
Bank Indonesia has been a leader in boosting the use of local currency for cross-border trade
Central banks of Korea and Italy boost co-operation on payment systems
Bank of Korea and Bank of Italy to exchange knowledge on RTGS and CBDC
Bank of Korea holds rates and raises inflation forecasts
Governor says interest rates could stay high for more than six months
Korea plans to run a CBDC pilot next year
Bank of Korea and financial regulators plan to involve 100,000 citizens in a real-world CBDC pilot in Q4
Strong dollar harms EME bond market liquidity – BIS paper
Dealer intermediation vulnerable to both “original sin” and “original sin redux”
Bank of Korea continues rate pause
Central bank cites ‘uncertainties’ in deciding to hold
South Korea and Indonesia hold rates
Bank Indonesia says it will issue securities in bid to bolster rupiah
Bank of Korea to boost emergency liquidity over bank run fears
Central bank will lower rate and accept more collateral amid scare over credit union’s deposits
South Korea’s central bank holds rates steady again
Governor says board agreed restrictive policy should continue for a considerable time
BoK and Samsung strengthen ties on offline CBDC research
Central bank and tech giant to look at ways to minimise security risks with offline CBDC payments
Korean and Indonesian central banks sign bilateral transactions MoU
Agreement aims to let firms directly exchange won and rupiah without dollar conversion