BOK to sell 9.9 tln won worth of monetary stabilization bonds next month

SEOUL– South Korea’s central bank said Thursday it will issue a larger amount of monetary stabilization bonds (MSBs) in October from a month earlier to better manage market liquidity.

The Bank of Korea (BOK) said it plans to sell 9.9 trillion won (US$6.89 billion) worth of MSBs next month, compared with 8.8 trillion won worth of bonds scheduled to be sold this month.

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

Source: Yonhap News Agency