BoK suddenly announced some changes of lending this mng after MPC meeting w/o rate decision.
1. BoK lowers rate for standing lending facility for banks to 0.5% from 1%.
2. BoK broadens the extent of eligible collateral to prime-corp bonds. BoK even seeks to count debt obligation of banks who offer loans.
3. Same lending rule applied to non-bank institutions like MG as being applied to banks when crisis happens.
4. BoK also provides liquidity for non-banking institutions like MG only inf relevant information and rite of co-inspection are provided to BoK.
1. BoK lowers rate for standing lending facility for banks to 0.5% from 1%.
2. BoK broadens the extent of eligible collateral to prime-corp bonds. BoK even seeks to count debt obligation of banks who offer loans.
3. Same lending rule applied to non-bank institutions like MG as being applied to banks when crisis happens.
4. BoK also provides liquidity for non-banking institutions like MG only inf relevant information and rite of co-inspection are provided to BoK.
* BOJ 금융정책결정회의/성명서/경제전망 보고서(12시 전후) / 우에다 총재 기자회견(1500)
- 인플레이션 전망치 1.8%→2.3%로 상향 조정 예상. 일본 정부 전망치 2.6%
- BOJ, YCC 수정안 논의. 장기금리 상한 0.5% 일정 정도 초과 용인 <닛케이>
- 인플레이션 전망치 1.8%→2.3%로 상향 조정 예상. 일본 정부 전망치 2.6%
- BOJ, YCC 수정안 논의. 장기금리 상한 0.5% 일정 정도 초과 용인 <닛케이>
The Bank of Japan is set to keep ultra-low interest rates on Friday but may make minor tweaks to extend the lifespan of its yield control policy, which is facing scrutiny amid prospects of sustained inflation.
The Nikkei newspaper reported the central bank will maintain its 0.5% cap for the 10-year government bond yield, but discuss allowing long-term interest rates to rise above that level by a certain degree.
The Nikkei newspaper reported the central bank will maintain its 0.5% cap for the 10-year government bond yield, but discuss allowing long-term interest rates to rise above that level by a certain degree.