emirates7 - In March, South Korea's money supply decreased for the first time in nearly two years, primarily due to a in savings deposits and other liquid financial assets, according to data released Thursday by the Bank of Korea.
Preliminary figures that the country's M2 money supply—a key indicator that includes cash, demand deposits, and other easily accessible financial instruments—fell by 0.1 percent from the previous month to 4,227.8 trillion won (approximately US$3.01 trillion).
As reported by Yonhap News Agency, this was the first monthly decline in M2 since April 2023.
Despite the monthly dip, the M2 supply was still 6.1 percent higher compared to the same month last year.
The March decline was attributed to a 7.2 trillion won decrease in savings deposits, along with a 5.7 trillion won in other liquid financial products. Additionally, financial bonds with maturities of less than two years fell by 4.8 trillion won.
Preliminary figures that the country's M2 money supply—a key indicator that includes cash, demand deposits, and other easily accessible financial instruments—fell by 0.1 percent from the previous month to 4,227.8 trillion won (approximately US$3.01 trillion).
As reported by Yonhap News Agency, this was the first monthly decline in M2 since April 2023.
Despite the monthly dip, the M2 supply was still 6.1 percent higher compared to the same month last year.
The March decline was attributed to a 7.2 trillion won decrease in savings deposits, along with a 5.7 trillion won in other liquid financial products. Additionally, financial bonds with maturities of less than two years fell by 4.8 trillion won.