South Korea’s pension fund, central bank to extend FX swap line

8 December 2023, 12:00 am

1 min read

The skyline of central Seoul is seen during a foggy day in Seoul March 4, 2015. South Korea's central bank cut interest rates for the first time in five months on Thursday in a surprise move, joining the ranks of other economies which have recently taken advantage of lower inflation to ease monetary policy to spur sluggish growth. Picture taken on March 4, 2015. REUTERS/Kim Hong-Ji (SOUTH KOREA - Tags: ENVIRONMENT CITYSCAPE BUSINESS)

Reuters exclusively reported that South Korea’s National Pension Service (NPS) and central bank are in talks to extend their foreign exchange swap programme that was due to expire in December, according to two government sources with direct knowledge of the matter.