South Korea Money Supply Growth Accelerates In October

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Wednesday, the Bank of Korea announced that L money supply grew 10.6% on a yearly basis in October, faster than the 10.3% growth in the previous month. L money supply is the broadest measure of money supply in the country.

At the same time, M2 money supply grew 10.2%, slower than the 10.7% rise seen in the previous month.

Wednesday, the Bank of Korea announced that L money supply grew 10.6% on a yearly basis in October, faster than the 10.3% growth in the previous month. L money supply is the broadest measure of money supply in the country. (Market News Provided by RTTNews)