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S. Korea's money supply up 5.9 pct in February: BOK

All Headlines 13:57 April 11, 2017

SEOUL, April 11 (Yonhap) -- The money supply in South Korea jumped 5.9 percent in February from a year earlier, the central bank said Tuesday.

The nation's "M2" totaled 2,420.2 trillion won (US$2.1 trillion) in February, compared with 2,285.3 trillion won a year earlier, the Bank of Korea (BOK) said in a statement.

Month-on-month, the money supply gained 0.3 percent, 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 5.9 pct in February: BOK - 1

entropy@yna.co.kr
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