2019 NBC-BOK Data Partnership Program ends with a fruitful end result
Nationwide Financial institution of Cambodia and the Financial institution of Korea has kicked off a ultimate seminar on the implications to monetary devices for interbank market improvement in Cambodia from Korea’s expertise below the 2019 NBC-BOK Data Partnership Program.
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NBC and the BOK have been cooperating for a few years on joint analysis program. Certainly, that is the fourth collaboration between our central banks, following three fruitful outcomes on Modeling for Macroeconomic Evaluation and Inflation Forecasting, Empirical Evaluation on the Relationship between the Alternate fee Inflation and Macro-Monetary Linkages.
“With hindsight, I can say that these three joint researches have contributed in direction of enhancing NBC employees capacities in formulating financial coverage to attain value stability in addition to sustainable financial progress,” mentioned Neav Chanthana, Deputy Governor of the Nationwide Financial institution of Cambodia.
She added that this yr, the proposed matter of the BOK-KPP focuses on selling the expansion of native Interbank Market Growth in Cambodia and make it extra environment friendly.
“I acknowledge that this system is critical step to develop interbank market in Cambodia, which is a key position in implementing financial coverage by rate of interest transmission channel,” She added.
Kee Solar Jang, Deputy Director Basic, Data Partnership Program Workforce of the Financial institution of Korea, mentioned that for the reason that signing of the 2007 MOU on mutual cooperation, exchanges between the NBC and the BOK have steadily expanded.
“‘I additionally hope that this challenge will assist improve the NBC’s capability to investigate monetary markets and to contribute meaningfully to Cambodia’s financial improvement going ahead,” Mr Solar Jang identified.