Central Bank Roundup, December 26, 2015

Bank of Korea to Decrease Rate-Decision Meetings in 2017

The Bank of Korea is decreasing the amount of rate-decision meetings from 12 to 8. The change will occur in 2017. The reason is that the central bank wants more time to monitor the impact of monetary policy. However, the board of the Bank of Korea will maintain meeting 24 times per annum. In addition, the Bank of Korea will release the name or names of any dissenters on monetary policy on the day of the board’s decision.

Voters Could Seek to End Fractional Reserve Banking in Switzerland

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