Bank of Korea: Discussing need to hold emergency policy rate review meeting

Bank of Korea is discussing need to hold emergency policy rate review meeting. 

Key notes

• Will seek policy measures to stabilize markets.
• Closely monitoring local bond yields spiking.
• Will intervene into money markets if needed.

"A sweeping change of guard at South Korea's central bank next month may trigger faster policy normalisation as President Moon Jae-in keeps his sights on taming the country's runaway home prices by stacking the monetary board with hawks," the NASDAQ reported.