South Korea’s money supply growth quickened at the fastest rate thus far this year in March, preliminary figures from the Bank of Korea showed Thursday.
M2, a broad measure of money supply, rose 8.3 percent year-on-year in March following the 8 percent increase in the previous month.
The M1, or narrow money supply, grew at a quicker rate of 15.5 percent than February’s 14.3 percent.
At the same time, the liquidity of financial institutions aggregate Lf indicator surged 9.3 percent in March, faster than the previous month’s 8.6 percent increase.
On a seasonally adjusted basis, M2 rose 0.9 percent month-over-month in March following the 1 percent growth in February.
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