South Korea's money supply continues to rise, despite the Bank of Korea's efforts to curb inflation.

South Korea's money supply (M2) rose for the 16th consecutive month in September, increasing by 0.2% to 4,070.7 trillion won ($2.89 trillion). Despite the Bank of Korea's (BOK) tightening measures, aimed at slowing inflation, the year-on-year increase in M2 slowed from 6.1% in August to 5.9% in September. The BOK cut its benchmark interest rate by 0.25% to 3.25% in October, reflecting moderating inflation and weak demand.

November 14, 2024
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