Bank of Korea Governor: "Unable to Issue Warning Regarding Leveraged ETFs... Apologetic to the Public" (Roundup)
6 Articles
6 Articles
"Two consecutive interest rate hikes bought time... Rising inflation serves as the compass for further hikes" "Next year's budget plan to boost GDP growth by 0.5 percentage points" "Prior explanation regarding exclusion of foreign exchange reserves from country rankings"... Controversy over false clarification (Seoul = Yonhap News) Han Ji-hoon, Chae Sae-rom
Bank of Korea Governor Shin Hyun-song stated on the 12th regarding the consecutive benchmark interest rate hikes in July and August of this year, “We bought time and avoided a situation requiring an urgent hike.” During the parliamentary audit of the National Assembly’s Finance, Economy, and Planning Committee held at the Bank of Korea in Jung-gu, Seoul, Governor Shin said, “In shifting the monetary policy stance toward raising interest rates co…
Bank of Korea Governor Shin Hyun-song acknowledged and apologized for the insufficient warnings regarding the risks of single-stock leveraged ETFs during the parliamentary audit. He also urged for targeted fiscal support for small and medium-sized enterprises (SMEs) and the self-employed who are suffering from interest rate hikes. Furthermore, he emphasized the stability of Project Hangang, a digital currency pilot project, and clarified the con…
(Seoul = Yonhap News) Reporters Han Ji-hoon and Chae Sae-rom = Bank of Korea Governor Shin Hyun-song said on the 12th, "We failed to warn sufficiently regarding single-stock leveraged exchange-traded funds (ETFs)..."
[Digital Daily Reporter Kim Nam-gyu] Bank of Korea Governor Shin Hyun-song officially apologized, stating that the central bank failed to adequately warn of financial market risks regarding single-stock leveraged exchange-traded funds (ETFs). He also expressed the position that the Bank of Korea’s assessment of the positive effects of the product was inappropriate. During the parliamentary audit of the National Assembly’s Finance, Economy, and …
Bank of Korea Governor Shin Hyun-song stated on the 12th regarding the controversy over single-stock leveraged exchange-traded funds (ETFs), "I agree that we failed to warn sufficiently," adding, "I am sorry to the public."
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