Arab Today, arab today bok to use mbs for its open market operation
Last Updated : GMT 19:34:33
Arab Today, arab today
Arab Today, arab today

BOK to use MBS for its open market operation

Arab Today, arab today

Arab Today, arab today BOK to use MBS for its open market operation

Seoul - Yonhap

South Korea's central bank said Thursday that it will include mortgage-backed securities (MBS) issued by the state-run housing financing agency in the scope of its open market operations from June. The Bank of Korea (BOK) said earlier in the day the monetary policy committee approved a motion to use MBS issued by the Korea Housing Finance Corp. as collateral for its repurchasing agreement operations in a bid to help tackle household debt problems.

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