In April, South Korea's money supply increased for the 11th consecutive month, with M2 rising 0.4%.
South Korea's money supply rose for the 11th consecutive month in April, according to central bank data. The seasonally-adjusted M2, or broad money, increased 0.4% compared to the previous month, driven by strong demand for short-term financial instruments like time deposits and profitable securities. The Bank of Korea (BOK) has kept its key interest rate at 3.5% since January 2023 despite the continued money supply growth.
June 14, 2024
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