News analysis: S.Korean central bank succumbs to currency war, politics
By Yoo Seungki SEOUL, March 12 (Xinhua) -- Bank of Korea (BOK), South Korea's central bank, crossed into an uncharted territory. The bank cut its benchmark seven-day repurchase rate by a quarter...
View ArticleKuroda’s Easing in Japan Seen Adding to Pressure on Korea’s Lee
The Bank of Japan’s surprise decision to ease monetary policy further may increase pressure on South Korea’s central bank to cut its benchmark interest rate again. The yen’s tumble after BOJ Governor...
View ArticleSouth Korea freezes interest rates at record-low
Seoul, Sep 11 (IANS) South Korea's central bank on Friday froze its policy rate at a record low for the third consecutive month, but expectations emerged for further cuts due to the fastest fall in...
View ArticleChina’s Slowdown Puts Asian Central Banks in a Bind as Fed Looms
China’s slowing economy is putting pressure on central banks across Asia to lower interest rates further. For policy makers, that poses a dilemma. The lower rates go, the sharper the U-turn required if...
View ArticlePBOC's Ma Says New Cash Tools Substitute for Bank Reserves Cuts
China’s central bank is substituting new tools to step up cash injections with open-market operations instead of cutting the required reserve ratio for big lenders, according to the top researcher at...
View ArticleS. Korea signals policy rate adjustment after growth outlook change
SEOUL, Sept. 30 (Xinhua) -- A senior South Korean central banker signaled an additional interest rate adjustment after the Bank of Korea (BOK)'s growth outlook change next month, indicating a possible...
View ArticleEasing might force S Korea to cut rates
The Bank of Japan’s (BOJ) surprise decision to ease monetary policy further might increase pressure on South Korea’s central bank to cut its benchmark interest rate again. The yen’s tumble on Friday...
View ArticleS.Korea's top c.banker voices reservations about rate cut effect
SEOUL, April 19 (Xinhua) -- South Korea's top central banker on Tuesday voiced his reservations about additional rate cut effect, defying growing expectations for more accommodative monetary policy....
View ArticleFour Names in Seoul to Watch as Candidates for Finance Minister
The speculation in South Korea’s business and government circles is about who South Korean President Park Geun Hye will nominate as her third finance chief in about three years -- even before the...
View ArticleS.Korea freezes policy rate for 9 months amid rising expectations for cuts
SEOUL, March 10 (Xinhua) -- South Korea's central bank on Thursday froze its policy rate at a record low for nine straight months amid rising expectations for further rate cuts, caused by the worsening...
View ArticleChoi Urges Bank of Korea ‘Harmony’ With Government for Recovery
South Korea Finance Minister Choi Kyung Hwan urged the central bank to support Asia’s fourth-biggest economy, saying it’s important for monetary policy to be in harmony with government efforts to boost...
View ArticleBank of Korea Decision-Day Guide: Look for Revisions to CPI, GDP
Bank of Korea board members will decide Thursday whether to leave the key interest rate unchanged at a record-low 1.5 percent or cut it even lower. With 15 of 17 economists surveyed by Bloomberg...
View ArticleBank of Korea Holds Key Rate at Record Low as Growth Picks Up
The Bank of Korea kept its benchmark interest rate unchanged for a fifth consecutive month as the economy grew at the fastest pace in more than five years. The decision to hold the seven-day repurchase...
View ArticleKorean Bonds Gain as Swiss Currency Shock Boosts Haven Demand
South Korea’s government bonds rose, sending yields to record lows, on demand for safer assets after the Swiss National Bank’s decision to abandon the franc’s cap against the euro roiled global...
View ArticlePBOC to use new tools for liquidity operations
The central bank will use unconventional monetary tools such as re-lending and pledged supplementary lending to maintain relatively loose liquidity, rather than turning to conventional tools including...
View ArticleAgricultural Development Bank to issue more offshore yuan bonds
Agricultural Development Bank of China will issue more offshore renminbi-denominated bonds this year to raise a large amount of capital and reduce the cost of bond issuance, a bank official said on...
View ArticleS. Korea freezes interest rates at record-low amid further cut expectations
SEOUL, Sept. 11 (Xinhua) -- South Korea's central bank on Friday froze its policy rate at a record low for the third consecutive month, but expectations emerged for further cuts due to the fastest fall...
View ArticleWith China Banks Pinched by Bailouts, PBOC Turns to State Allies
As China’s leadership pulled together very public efforts to address local-government debt strains and a stock sell-off in recent months, officials took less conspicuous steps to strengthen the state’s...
View ArticleSouth Korea says won't stand by as weak yen hits competitiveness
SEOUL (Reuters) - South Korean authorities won't sit on their hands while a tumbling yen undercuts the country's export competitiveness, the central bank chief said on Friday, but policymakers could be...
View ArticleIn China, Focus of Monetary Easing Turns to Surgical Strikes
After years of emergency policymaking by counterparts in the U.S., Japan and Europe, it’s the People’s Bank of China’s turn to innovate. Unlike the Federal Reserve, Bank of Japan and European Central...
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