trending Market Intelligence /marketintelligence/en/news-insights/trending/2H6-Qyo0QXo5dBMTdSJ2dQ2 content esgSubNav
In This List

Report: South Korean banks ask for cut in reserve ratio

Blog

Banking Essentials Newsletter: January 11th Edition

Blog

Banking Essentials Newsletter December 21st Edition

Blog

The Road to Basel IV: Navigating the challenge facing European banks

Blog

Basel Framework- Utilizing data to analyze the capital position of European banks.


Report: South Korean banks ask for cut in reserve ratio

South Korean banks want the country's central bank to cutthe minimum reserve ratio in response to an economic slowdown, Reuters reportedMay 4.

Banks in April asked Bank of Korea Governor Lee Ju-yeol to consider cuttingthe 7% requirement, a Korea Federation of Banks official told the news service.

Lee said the central bank would consider the request but nodecision has been made, according to the official.

The reserve ratio was last raised in 2006 from 5%.