The Bank of Korea Purchases RP Worth 2.5 Trillion Won... "Liquidity Support"
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[Asia Economy Reporter Seo So-jeong] The Bank of Korea purchased repurchase agreements (RPs) worth 2.5 trillion won on the morning of the 21st to support securities firms and others experiencing liquidity difficulties.
The Bank of Korea announced that it conducted a purchase of 14-day RPs worth 2.5 trillion won between 11:00 AM and 11:10 AM on that day.
A total of 3.6 trillion won was bid, with the average winning bid rate at 3.29%. The repurchase date for the securities purchased on this day is December 5.
On November 27, the Bank of Korea's Monetary Policy Committee resolved to purchase RPs worth approximately 6 trillion won targeting securities firms and Korea Securities Finance Corporation.
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The Bank of Korea plans to proceed with the remaining RP purchases worth 3.5 trillion won if there is additional demand.
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