BOK to sell $8.96 bil. worth of monetary stabilization bonds in Feb.

The Korea Times

The Korea Times

Finance

Tue, December 5, 2023 | 17:32

Markets

BOK to sell $8.96 bil. worth of monetary stabilization bonds in Feb.

Posted : 2023-01-30 17:51

Updated : 2023-01-31 13:59

Bank of Korea / Yonhap

Korea's central bank said Monday it will sell 11 trillion won ($8.96 billion) worth of monetary stabilization bonds (MSBs) in February.

The amount is 1 trillion won larger than the MSB sale planned for this month, according to the Bank of Korea.

The MSB is a policy tool devised to control excess liquidity in the markets. It is sold to financial institutions and individuals. (Yonhap)

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