South Korea’s central bank vows to stabilise markets amid political turmoil

The Bank of Korea aims to avoid any escalation in volatility of foreign exchange markets following Yoon’s failed martial law decree.
South Korea’s central bank vowed to stabilise financial markets and highlighted the importance of “uninterrupted implementation” of key fiscal and economic measures, in its first statement since lawmakers voted to impeach President Yoon Suk-yeol.Advertisement“The Bank of Korea intends to utilise all available policy instruments, in conjunction with the government, to respond to and avert an escalation of volatility in financial and foreign exchange markets,” the central bank said on...

South Korea’s central bank vows to stabilise markets amid political turmoil

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