S.Korea closely monitoring credit markets, seeing market volatility decreasing

SEOUL, April 3 (Reuters) – South Korea’s vice finance minister on Friday said the government is closely monitoring the corporate bond market as the coronavirus pandemic is increasing the cost of fundraising in the short-term credit market.

Kim Yong-beom said the government will actively make use of the new currency swap with the U.S. Federal Reserve and FX reserves to inject liquidity into local markets in a timely manner, although he sees a decrease in market volatility with a massive boost in stimulus programmes across the globe. (Reporting by Cynthia Kim Editing by Shri Navaratnam)

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