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Asian Economic News

South Korea Money Supply Growth Stable In February

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

South Korea's money supply growth held steady in February, after easing in the previous two months, figures from Bank of Korea showed Wednesday.

M2, a broad measure of money supply, rose a seasonally adjusted 8.0 percent year-over-year in February, the same rate of increase as in January.

On a monthly basis, M2 money supply increased at a faster pace of 1.0 percent in February, following a 0.2 percent climb in the prior month.

Annual growth in liquidity accelerated to 8.6 percent in February from 8.4 percent at the start of the year. Month-on-month, it went up 0.7 percent, but slower than previous month's 1.1 percent hike.

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