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S. Korea's Money Supply Growth Rises In March

South Korea's broadest measure of money supply grew at a faster pace of 9.6 percent year-on-year in March, following February's 8.5 percent increase, the Bank of Korea showed Wednesday.

The month-on-month rate of growth of L money supply registered 1.8 percent. The broadest measure or L money supply includes currency in circulation and all types of deposits at financial institutions.

At the same time, the narrow M1 money supply growth improved to 2.1 percent annually from 1.1 percent in the previous month.

In a separate report, the central bank said bank loans to households surged KRW 1.34 trillion to KRW 453.6 trillion in April.

by RTT Staff Writer

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