Header and navigation menu

Page content

Money supply rises for 3rd month in Jan. on rising corporate deposits: BOK

Korea's money supply rose for the third consecutive month in January, driven by increases in exporters' foreign currency deposits and short-term funds awaiting investment, central bank data showed Friday. The country's M2, a key gauge of the money supply, stood at an average of 4,108.9 trillion won ($2.76 trillion) in January, up 0.7 percent from a month earlier, according to the preliminary data from the Bank of Korea (BOK). [...]