South Korea
Korean president names new central bank governor
Rhee Chang-yong is currently IMF Asia-Pacific director
Bank of Korea raises rates again as inflation climbs
Governor Lee Ju-yeol says he will not rule out another hike in the first quarter of 2022
Transactional cash usage ebbs and flows in response to Covid-19
The proportion of payments made in cash ranged from 3% to 88%
Crypto asset transactions hit ‘macro critical levels’ – IMF GFSR
Crypto valuations “already systemic” in “many countries”, international rules "probably some time away", says IMF’s Adrian
People: Bank of Korea nominates board member
Bolivia’s former governor Pablo Ramos Sánchez dies; Trevor Braithwaite departs ECCB; and more
South Korea raises policy rate
Governor cites rising household debts and house prices as reasons to tighten policy
People: Kuwait’s sovereign wealth fund gets new managing director
Korean president nominates head of financial supervisor and EBRD gets new corporate strategy chief
People: ECCB appoints first woman deputy governor
New deputy governor in Korea; deputy governor reappointed in Ghana; and more
South Korea aiming for rate hike as growth recovers
BoK to discuss rate hike in next policy meeting, but quarterly GDP figure shows some weakness
Colombian central bank joins DLT bond issuance pilot
Technology could cut costs and offer faster processing, traceability, security and risk management
Korea selects CBDC blockchain provider
Central bank chooses telecoms company subsidiary following tender process
Bank of Korea to start CBDC trial in August
Central bank opts for two-tier model for retail digital currency
People: Erdoğan fires deputy governor
South Korea appoints new sovereign wealth fund chief; Fed lawyer moves to OCC; and more
Bank of Korea to expand government bond purchases
South Korean central bank vows to buy more government bonds as finance ministry proposes new pandemic relief package
BIS paper contrasts firm financing in US and Asia
Authors argue market segmentation drives different patterns of bond and loan financing
Bank of Korea report calls for new laws on CBDC issuance
Research explores legal issues surrounding central bank digital currency
BIS paper explores impact of demographics on house prices
Study focuses on Korea’s “exceptionally rapid” demographic change
BoK launches facility to guard against dollar liquidity squeeze
South Korean central bank creates new facility to cut risk of dollar liquidity crisis, after extending Fed swap line
Deep learning can beat other forecast methods – Bank of Korea research
Deep learning models have smaller margin of error than conventional methods, research finds, but data quality is key
Bank of Korea forecasts GDP will contract by 1.3%
Central bank leaves interest rates on hold but says growth outlook remains uncertain
People: Central Bank of West Africa governor reappointed for second term
Koné given second six-year term after successful nine years in office; Oman’s sultan selects new central bank board chairman; and Bank of Korea assistant governor awarded deputy governor position
Bank of Korea sets up digital innovation division
Korean central bank aims to increase CBDC research and create new statistics system
Bank of Korea cuts policy rate to new record low
Bank of Korea slashes key rate to record low of 0.5%; economy is expected to grow at the slowest pace in over two decades due to Covid-19
The complex art of reserve management
The coronavirus lockdown represents another inflection point for central banks seeking to optimise the management of their $12 trillion in FX reserves