Korea central bank rolls out 'QE-light' to ease virus pain
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SEOUL (Reuters) - The Bank of Korea is joining its peers in advanced nations to launch its own version of quantitative easing, buying an unlimited amount of bonds for three months in efforts to calm money markets hammered by the coronavirus pandemic.The central bank said on Thursday that repo auctions will be held every week through the end of June, where more financial institutions will be able to borrow unlimited amounts of funds at the repo rate of no higher than 0.85%.The BOK also said it..