© Reuters. FILE PHOTO: The logodesign of the Bank of Korea is seen on the leading of its structure in Seoul, South Korea, July 14,2016 REUTERS/Kim Hong-Ji/File Photo
SEOUL (Reuters) – South Korea’s main bank stated on Thursday its financial policy board chose to reform its standing loaning center, a financial policy tool for providing liquidity to banks, conditioning its function as a liquidity backstop.
The board chose to lower financing rates for the loans taken out from the center to 50 basis points above the base rate, from the present 100 basis points, and accept extra kinds of bonds a