South Korea Money Supply Growth Decelerates In November

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The Bank of Korea on Thursday announced that L money supply, the broadest measure of money supply in the country, rose 10.4% on a yearly basis in November, slower than the 10.6% growth in the previous month. On a monthly basis, L money supply was up a seasonally adjusted 0.8%.

At the same time, M2 money supply grew 9.7% in period average terms, slower than the 10.5% rise seen last month.

The Bank of Korea on Thursday announced that L money supply, the broadest measure of money supply in the country, rose 10.4% on a yearly basis in November, slower than the 10.6% growth in the previous month. On a monthly basis, L money supply was up a seasonally adjusted 0.8%. (Market News Provided by RTTNews)