Seoul, April 20 (IANS) Outgoing Bank of Korea (BOK) Governor Rhee Chang-yong said on Monday that achieving economic stability and growth through monetary and fiscal policy alone has become increasingly difficult, calling for a broader role for the central bank in addressing long-term structural challenges.Rhee made the remarks during his farewell ceremony in Seoul, as he completed his four-year term. His successor, Governor-designate Shin Hyun-song, is set to begin his term Tuesday as his nomina…
Latest Bank for International Settlements News & Updates
New Delhi, Feb 11 (IANS) Pakistan’s plan to embrace a dollar‑linked stablecoin through a partnership with US crypto firm World Liberty Financial could accelerate the country’s dollarisation and undermine its macroeconomic stability, a new report has said.The report in the Daily Mirror said that a dollar-pegged stablecoin embeds a preference for the dollar as store of value and medium of exchange encouraging households to hold it as a state-tolerated alternative and move away from Pakistani r…