Central Bank Rejects Link Between ‘Excess Liquidity’ and Seoul’s Soaring Housing Market

SEOUL, Dec. 16 (Korea Bizwire) — Increased liquidity is not the sole factor behind the recent surge in housing prices in the Seoul metropolitan area or the weakness of the local currency, the Bank of Korea (BOK) said Tuesday, stressing that monetary policy alone is not sufficient to fully control an increase in loans. In [...]