Arab Today, arab today s korea’s money supply growth hits 10month low in october
Last Updated : GMT 21:19:19
Arab Today, arab today
Arab Today, arab today

S Korea’s money supply growth hits 10-month low in October

Arab Today, arab today

Arab Today, arab today S Korea’s money supply growth hits 10-month low in October

Seoul - QNA

South Korea’s money supply grew at its slowest pace in 10 months in October as bank lending remained weak despite the current account surplus, the central bank said Wednesday. South Korea’s M2, a narrow measure of the money supply, rose 4.6% on-year to 1,827.3 trillion won (US$1.7 trillion) in October, slowing from a 5.2% on-year gain in September, according to the Bank of Korea (BOK). It marked the slowest growth since December 2011 when the M2 grew 4.4% from a year earlier, it added. On a seasonally adjusted basis, the country’s M2 grew 0.2% in October from the previous month, picking up from a 0.1% on-month gain in September. The M2 covers currency in circulation and all types of deposits with a maturity of less than two years at lenders and non-banking financial institutions, excluding those held by insurers and brokerage houses. The data came one day before BOK policymakers are scheduled to hold their monthly rate-setting session. The central bank is widely expected to freeze the key rate for the second straight month in December, analysts say. The BOK said in a separate statement that the growth of South Korea’s M2 is estimated to have slowed to the mid-4% range in November as bank lending remained lackluster despite the current account surplus. South Korea’s liquidity aggregate, the broadest measure of the money supply, grew 7.8% in October from the previous year, down from the 8.9% on-year gain in September, it added. The liquidity aggregate covers currency in circulation and all types of deposits at financial institutions, and state and corporate bonds.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today s korea’s money supply growth hits 10month low in october Arab Today, arab today s korea’s money supply growth hits 10month low in october

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today s korea’s money supply growth hits 10month low in october Arab Today, arab today s korea’s money supply growth hits 10month low in october

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday