SEOUL (Reuters) – South Korea will set up a channel to offer foreign-currency funds to regional financial firms through repurchase arrangements to prevent any short-term lack in liquidity from becoming a systemic danger, Vice Finance Minister Kim Yong-beom said on Tuesday.
Authorities likewise will continue to keep track of monetary markets and liquidity streams as the economic effect from the coronavirus pandemic continues, he informed a conference, noting other risks including U.S.-China stress might heighten volatility.
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