Go to Contents Go to Navigation

S. Korea's money supply up 7.5 pct in December: BOK

All Headlines 12:00 February 08, 2017

SEOUL, Feb. 8 (Yonhap) -- The money supply in South Korea jumped 7.5 percent in December from a year earlier, the central bank said Wednesday.

The nation's "M2" totaled 2,405.8 trillion won (US$2.1 trillion) in December, compared with 2,241.5 trillion won a year earlier, the Bank of Korea (BOK) said in a statement.

Month-on-month, the money supply was up 0.03 percent from November, 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 7.5 pct in December: BOK - 1

entropy@yna.co.kr
(END)

HOME TOP
Send Feedback
How can we improve?
Thanks for your feedback!