Bank of Korea, South Korea’s central bank, needs to take expansionary monetary policy to prevent housing market disruption from causing financial and economic instabilities, a local think tank said Tuesday.
“Expansionary monetary policy will help enhance financial and economic stabilities under the economic downturn in connection with the housing market slump,” Song In-ho, a research fellow at the state-run Korea Development Institute, said in a report………………………………………..Full Article: Source