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Bank of Korea Floats Green Policy Ideas, But Without a Timeline

The Bank of Korea said it will “actively perform” its role to support the country’s transition to carbon neutrality and help minimize the negative impact on the economy, while falling short of offering a timeline on planned policy changes. 

South Korea’s central bank said it’s reviewing tools across its loans, payment settlement and open market operations. A key constraint to implementing changes is the relatively small size of the green bond market and already-high demand for such securities from investors, a BOK statement said Thursday.