S. Korea’s M2 grows August ’24 – BOK

South Korea’s seasonally-adjusted M2, which includes broad money, grew by 0.2 per cent to 4,062.6 trillion won ($2.98 trillion) in August 2024 compared to the previous month, according to data from the Bank of Korea (BOK) on Wednesday.

Additionally, the M1, representing narrow money, saw a 0.1 per cent increase in August 2024. However, the Liquidity of Financial Institutions (Lf) declined by 0.1 per cent, and the overall growth rate of Liquidity (L) remained flat.

Attribution: Bank of Korea data

Subediting: M. S. Salama