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Financial News: South Korea Money Supply Growth Rises In November

South Korea Money Supply Growth Rises In November

01/16/2020 - 01:18:00 (RTTNews)

(RTTNews) - South Korea's money supply growth increased in November, figures from Bank of Korea showed on Thursday.

M2, a broad measure of money supply, climbed 7.7 percent year-over-year in November, following a 7.5 percent increase in October.

On a monthly basis, M2 money supply rose 0.7 percent in November, slower than 0.8 percent increase in the previous month.

The annual growth in liquidity indicator L, accelerated to 8.1 percent in November from 7.4 percent in the previous month.

Likewise, liquidity of financial institutions grew 8.4 percent yearly in November, following an 8.3 percent rise in the prior month.

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