Brad Setser @Brad_Setser · 03 Sep 2026
@Brad_Setser The BOK release credits banks' FX deposits at the central bank. That's a borrowed line, not owned reserves - it can walk. The stock rose $14.33bn to $442.28bn, a four-year high but still $27bn under the Oct 2021 peak, and short of the $20bn flow.
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