The recent parliamentary passage of a bill awarding the Bank of Korea (BOK) a role in coping with financial instability has set the stage for the central bank to tackle problems in a flexible manner, the top central banker said Monday. The National Assembly on Wednesday approved a bill governing the BOK, allowing the central bank to keep financial stability as its policy priority, together with price stability. The passage paved the way for the BOK to play a role in preventing another financial crisis.
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©