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S. Korea's money supply up 7.3 pct in November: BOK

All Headlines 12:00 January 12, 2017

SEOUL, Jan. 12 (Yonhap) -- The money supply in South Korea jumped 7.3 percent in November from a year earlier, the central bank said Thursday.

The nation's "M2" totaled 2,405.1 trillion won (US$2.03 trillion) in November, compared with 2,240.8 trillion won a year earlier, the Bank of Korea (BOK) said in a statement.

Month-on-month, the money supply was up 0.5 percent from October, the statement said.

M2 is a measure of the money supply counting the currency in circulation, including bank debentures and deposits with a maturity of less than two years, along with stock investments. It's a key economic indicator closely monitored by the authorities.

S. Korea's money supply up 7.3 pct in November: BOK - 1

entropy@yna.co.kr
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