BOK to Supply ‘Unlimited’ Liquidity to Banks

Chosun Ilbo | Mar 27, 2020 at 8:30 AM
  • The Bank of Korea on Thursday said it will temporarily supply an unlimited amount of liquidity to mitigate the economic fallout from coronavirus.
  • This is the first time the central bank has taken such a drastic measure.
  • The central bank’s plan is to provide as much as is needed to prevent a credit crunch in the financial market.