South Korea vows ‘unlimited’ liquidity measures after political turmoil; Bank of Korea to meet

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SEOUL, Dec 4 — South Korea’s finance ministry said today it is ready to deploy "unlimited” liquidity into financial mark...

A successful budget intervention by the opposition would deal a major blow to Yoon’s minority government and risk shrinking fiscal spending at a time when export growth is cooling.“The negative impact to the economy and financial market could be short-lived as uncertainties on political and economic environment could be quickly mitigated on the back of proactive policy response,” Citi economist Kim Jin-wook said in a report.

The Korean won also fell sharply against the yen to the weakest since May 2023, down 2.5 per cent.

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Category: EconomyBusiness

Markets: MalaysiaSouth KoreaMali

Topics: South korea economy

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Published On: 2024-12-04 @ 08:38:30 (1 days ago)

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