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Asian Economic News

South Korea Money Supply Growth Accelerates Further

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

South Korea's money supply growth accelerated for the second straight month in April, preliminary figures from Bank of Korea showed Tuesday.

M2, a broad measure of money supply climbed 6.6 percent year-over-year in April, faster than the 6.2 percent rise in March.

On a monthly basis, M2 money supply increased 0.6 percent from March, when it rose by 0.8 percent.

The annual growth in liquidity quickened to 7.7 percent in April from 7.0 percent a month ago. Liquidity of financial institutions grew at a slightly faster rate of 7.4 percent yearly in April, following a 7.3 percent spike in the preceding month.

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