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South Korea's money supply grows for 20 months, driven by savings and financial product demand.
South Korea's money supply has grown for the 20th straight month, with broad money (M2) increasing 0.5% in January to 4,203.8 trillion won (about $2.9 trillion USD).
The growth is fueled by high demand for savings deposits and financial products.
Narrow money (M1) also rose 0.6% month-on-month, and the Bank of Korea recently cut its benchmark interest rate by 0.25 percentage points to 2.75%.
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La oferta monetaria de Corea del Sur crece durante 20 meses, impulsada por el ahorro y la demanda de productos financieros.