March 23, 2020 / 6:24 AM / 14 days ago

Bank of Korea to step up repo operations to boost liquidity

SEOUL, March 23 (Reuters) - South Korea’s central bank said on Monday it will conduct repo operations of 14-day or 28-day maturities on Tuesday to ensure financial institutions have access to short-term credit as the coronavirus causes chaos in global financial markets.

That follows an injection of 1 trillion won ($789 million) in repo operations by the Bank of Korea last week.

The BOK did not disclose the amount of repo operations and did not elaborate further. ($1 = 1,266.3500 won) (Reporting by Cynthia Kim; Editing by Kim Coghill)

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