Korean households' M2 money supply falls for the first time in over five years
Arirang News
2018-10-17
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부동산 열풍에 가계 보유 통화량 5년여 만에 감소
The amount of cash and deposits held by households fell in August for the first time in more than five years.
The Bank of Korea says households' M2 money supply -- that is, liquid money including cash and deposits with a maturity of less than two years -- dropped by 4-hundred-44 million U.S. dollars on-month in August, marking the first decline since February 2013.
The BOK attributed the dip to a rise in households buying new houses in recent months.
But thanks to more liquidity among corporations and financial institutions, Korea's total M2 supply increased in August by six tenths of a percent on-month and six-point-seven percent on-year, totalling about two-point-three trillion dollars.
The amount of cash and deposits held by households fell in August for the first time in more than five years.
The Bank of Korea says households' M2 money supply -- that is, liquid money including cash and deposits with a maturity of less than two years -- dropped by 4-hundred-44 million U.S. dollars on-month in August, marking the first decline since February 2013.
The BOK attributed the dip to a rise in households buying new houses in recent months.
But thanks to more liquidity among corporations and financial institutions, Korea's total M2 supply increased in August by six tenths of a percent on-month and six-point-seven percent on-year, totalling about two-point-three trillion dollars.
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