Friday, January 30, 2009

ROK central bank vows to pump liquidity into financial system

Special Report:Global Financial Crisis



SEOUL, Jan. 30 (Chinese media) -- Bank of Korea (BOK) governor Lee Seong-tae said Friday the central bank will more

actively pour liquidity into the financial system when necessary.

"If the intermediary role of the financial market in

making funds smoothly flow is sharply weakened, the BOK will draw up measures to

pump in more liquidity," Lee said.

Since September last year, the central bank has

pumped over 19 trillion won (13.8 billion U.S. dollars) into the financial

system to promote bank loans.







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