Latest M2 News & Updates

South Korea’s Central Bank Nominee Addresses Weak Korean Won Concerns

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Seoul, April 15 (IANS) The Korean won has remained relatively weak in recent months, but the country has sufficient dollar liquidity to respond to external shocks, Shin Hyun-song, nominee for the head of South Korea’s central bank, said on Wednesday.Shin made the remarks during a confirmation hearing at the National Assembly in Seoul, as he has been tapped to replace outgoing Bank of Korea (BOK) Gov. Rhee Chang-yong, reports Yonhap news agency.”It is not appropriate to comment on the specific le…

South Korea’s Money Supply Rises for Fourth Consecutive Month in February

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Seoul, April 15 (IANS) South Korea’s money supply rose for the fourth consecutive month in February, as increases in savings deposits offset a decline in certificates of deposit (CDs), central bank data showed on Wednesday.The country’s M2, a key gauge of the money supply, stood at an average of 4,114 trillion won ($2.79 trillion) in February, up 600 billion won from a month earlier, according to the preliminary data from the Bank of Korea (BOK), reports Yonhap News Agency.The figure rebounded i…

South Korea’s Money Supply Sees December Increase

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Seoul, Feb 13 (IANS) South Korea’s money supply rose in December from a month earlier, driven by increases in corporate and household deposits in both foreign and local currencies, central bank data showed on Friday.The country’s M2, a key gauge of the money supply, stood at an average of 4,080.7 trillion won (US$2.83 trillion) in December, up 0.6 percent from the previous month, according to the preliminary data from the Bank of Korea (BOK), reports Yonhap news agency.The figure had risen stead…