Outlook on easing

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Outlook on easing


Bank of Korea Gov. Kim Choong-soo, front, returns to his seat after greeting top financial institution executives on the 63rd anniversary of the BOK yesterday at central bank headquarters in downtown Seoul. At a meeting later, Kim raised concerns over the possible end of stimulus initiatives in developed countries, including the Federal Reserve Board’s quantitative easing. Although not mentioning countries by name, he said such moves could come sooner than expected and mean losses for financial companies as treasuries’ yields would rise and push down the value of bonds. The governor also warned that if major countries with key currencies ignore the impact that their monetary policies might have on the rest of the world, they would be neglecting their duty to help stabilize the global economic order. [NEWSIS]
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