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THE INVESTOR
October 24, 2018
Big Reunion

Economy

Korea’s money supply up 5% in Sept.

  • PUBLISHED :November 08, 2017 - 13:42
  • UPDATED :November 08, 2017 - 13:42
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[THE INVESTOR] The money supply in Korea jumped 4.6 percent in September from a year earlier, the central bank said on Nov. 8.

The nation’s M2 totaled 2,492.3 trillion won (US$2.23 trillion) in September, compared with 2,383 trillion won a year earlier, the Bank of Korea said in a statement.

The money supply rose 0.2 percent on-month, the statement said.

The growth rate of the money supply has been on the decline since October 2015 as companies decreased domestic credit.

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.

By Alex Lee and newswires (alexlee@heraldcorp.com)

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