S. Korea's money supply up 4.7 pct in October: BOK

SEOUL, Dec. 13 (Yonhap) -- The money supply in South Korea jumped 4.7 percent in October from a year earlier, the central bank said Wednesday.

The nation's M2 totaled 2,511.5 trillion won (US$2.3 trillion) in October, compared with 2,392.3 trillion won a year earlier, the Bank of Korea (BOK) said in a statement.

The October figure was an 0.8 percent increase on the previous month, it added.

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

brk@yna.co.kr
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