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S. Korea urged to ease monetary policy for housing market

Posted on 06 February 2013

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


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