South Korea's M2 money supply increased 0.1% for the 9th consecutive month in February, driven by deposit and securities demand.
South Korea's money supply (M2) grew for the ninth consecutive month in February, increasing 0.1% from the previous month, according to the Bank of Korea. This upward trend started in June 2023. The rise was due to robust demand for deposits and securities, and despite the Bank of Korea maintaining its key rate at 3.50% since January 2023 after raising it by 3 percentage points over the past year and a half.
April 16, 2024
3 Articles