POLITICS AND GLOBAL AFFAIRS
[Short-Term Money Market Analysis (7th)] Same-Day Reserve Shortage
South Korea's short-term money market faces same-day reserve shortage on the 7th, with fiscal spending of 1.6 trillion won and currency withdrawal of 300 billion won increasing reserves, while tax revenue and fund withdrawals totaling 2.16 trillion won decrease reserves. Call market expected to close with slight surplus despite active inter-bank adjustments, while repo market anticipated to see rollover transactions dominate amid additional fund inflows from asset management companies. Previous day showed reserve shortage of 10.5403 trillion won with overnight call rate at 2.965%.