Bank of Korea: Deploy measures to stabilize FX market as needed, USD/KRW defends 1,400

Bank of Korea (BoK), the South Korean central bank, said on Wednesday that it will “deploy various measures to stabilize the FX market as needed.

Additional takeaways

Will increase short-term liquidity measures starting Wednesday.

Will loosen collateral policies in repo operation to ease any bond market jitters.

Make any special loans available to inject funds into market if needed.