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South Korean Vice Minister Says He Will Intervene If Necessary

| Business Top stories | Yahoo news


Says it will act preemptively to stabilize local bond markets if necessary

  • Says KTB’s buyback plan expected to stabilize local bond markets
  • prepared to curb market volatility, as changes in offshore monetary policies can increase volatility

Emerging markets and smaller DMs are experiencing bond market volatility.

Earlier this week, the Finance Ministry announced plans to buy back 2 trillion won, and the vice minister now says he will add another 2 trillion won. Says 4tln should stabilize bond markets in South Korea. And the ministry will act with the help of the BoK (Bank of Korea) if necessary.


cnbctv18-forexlive-benzinga -Sp
cnbctv18-forexlive-benzinga -Sp

South Korean Vice Minister Says He Will Intervene If Necessary

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