SEOUL, June 16 (Yonhap) — South Korea’s money supply continued to rise in April on an increase in short-term deposits and funds awaiting investment, central bank data showed Tuesday.
The country’s M2, a key gauge of the money supply, stood at an average of 4,153.9 trillion won (US$2.74 trillion) in April, up 0.6 percent, or 25.3 trillion won, from a month earlier, according to the preliminary data from the Bank of Korea (BOK).
The figure has been on a steady rise since November.
M2 is a measure of the money supply that includes cash, demand deposits and other easily convertible financial instruments.
The BOK attributed the April gain to increases in short-term deposits and money market funds that mostly invest in short-term products amid a rally in the local stock market.
By sector, liquidity declined 0.6 trillion won among financial institutions, while nonfinancial corporations and households saw their liquidity rise 7 trillion won, the data showed.
This file photo, taken Feb. 5, 2026, shows 50,000 won (US$33.40) banknotes at Hana Bank’s counterfeit response center in Seoul. (Yonhap)
sam@yna.co.kr
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