BoK vows to stabilise markets with ‘all available tools’
Central bank calls for bipartisan policy co-ordination following president’s impeachment
The Bank of Korea (BoK) has vowed to “utilise all available policy instruments” with the government, to prevent the country’s political instability from causing further volatility in financial markets.
The central bank made the announcement on December 15, a day after South Korea’s parliament voted to impeach president Yoon Suk-yeol over his short-lived imposition of martial law on December 3.
Yoon’s cabinet lifted military rule only hours later, after the opposition-controlled National Assembly
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