Money supply falls slightly in Nov.: BOK

▲ An official inspects 50,000 won banknotes at Hana Bank's counterfeit response center in Seoul, in this file photo taken July 17, 2024. (Yonhap)

money supply-tally

Money supply falls slightly in Nov.: BOK

SEOUL, Jan. 14 (Yonhap) -- South Korea's money supply decreased slightly from a month earlier in November, ending its seven-month streak of increase, central bank data showed Wednesday.

The country's M2, a key measure of the money supply, stood at 4,057.5 trillion won (US$2.74 trillion) in November, down from 4,059.5 trillion won the previous month, according to preliminary data from the Bank of Korea (BOK).

The figure had been on a steady increase since April.

The on-month decline in November came as deposits decreased, offsetting stock fund inflows.

The M2 is a measure of the money supply that counts cash, demand deposits and other easily convertible financial instruments.

The central bank is set to hold its rate-setting meeting this week and is widely expected to keep its benchmark rate frozen at 2.5 percent.

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