South Korea central bank to buy $1.2bn government bonds to help stabilize marketChristian Fernsby ▼ | March 20, 2020
South Korea's central bank said yesterday that it will buy 1.5 trillion won (1.2 billion U.S. dollars) worth of government bonds to help stabilize the local bond market.
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It was aimed to stabilize the domestic bond market and use them in repurchase agreements transactions with commercial banks for liquidity adjustment, the BOK noted. ■