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BOK rate meeting held 8 times from ’17 instead of monthly
Collected
2016.11.25
Distributed
2016.11.28
Source
Go Direct
Starting next year, the Bank of Korea will meet for rate-setting policy decisions eight times a year instead of monthly to direct monetary policy with more long-term prospects. Central banks around the world have been scaling back rate-setting meetings to be less responsive to monthly data.

The monetary policy board will continue to meet once a month, devoting the other four meetings to discuss the financial market conditions.

By Boo Jang-won

Read in Korean

[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]

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