BOK starts "unlimited" QE with 5.2 tril. won in repo bids

한은 '한국판 양적완화' 첫 입찰서 5조2천500억원 공급The Bank of Korea is lending out the first chunk of what it says will be "unlimited" liquidity to stabilize the local capital market... through repurchase agreements.It accepted bids today of 5-and-a-quarter trillion won... or about 4-point-3 billion U.S. dollars.In exchange for certain bonds as collateral, for 91 days these financial institutions can borrow at a rate of zero-point-7-8 percent, which is three points higher than the base rate.The BOK will be holding repo auctions every week from April to June.A central bank official told Reuters that demand today was higher than expected.