BOK plans to issue 3-year monetary stabilization bonds
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10:10 June 22, 2021
SEOUL, June 22 (Yonhap) -- The Bank of Korea (BOK) said Tuesday it has decided to issue three-year monetary stabilization bonds, in an effort to better control liquidity.
The BOK said it will significantly reduce the amount of two-year monetary stabilization bonds to reduce volatility in bond markets in the wake of the sales of longer-term bonds.
At the end of last month, about 80 percent of outstanding monetary stabilization bonds had maturities of two years, a BOK official said.
The three-year bonds are expected to help the BOK have more measures to control liquidity, the official said.
kdh@yna.co.kr
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