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Showing posts with label National Assembly. Show all posts
Showing posts with label National Assembly. Show all posts

Wednesday, August 31, 2011

Assembly grants BOK supervisory capability

The National Assembly yesterday approved a bill aimed at beefing up the Bank of Korea’s role in coping with financial instability.

On the last day of the extra session, the Assembly passed a revised bill governing the BOK in a 147 to 55 vote, allowing the central bank to keep financial stability as its policy priority, together with price stability.