Bank of Korea Boosts Liquidity Injection in Bid to Calm Markets
- BOK added 14 trillion won via repo operations last week
- Amount compares to 18.5 trillion won for month of November
The Bank of Korea stepped up injections of cash into the financial market as it vowed “unlimited liquidity” in the wake of a flare-up in political turmoil.
The central bank added 14.1 trillion won ($9.8 billion) last week via so-called repurchase operations, according to its website. That compares with 18.5 trillion won of such operations throughout November, and just 1.5 trillion won in October.